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Actionable news in BAC: BANK OF AMERICA CORPORATION,

Buffett's Berkshire to exercise BofA warrants for shares

Warren Buffett's Berkshire Hathaway Inc (BRKa.N) said it would exercise its warrants to buy 700 million common shares of Bank of America Corp (BAC.N), making it the largest shareholder of the lender.

Berkshire said it would exercise its warrants after the bank raises its quarterly dividend to 12 cents per common share.

The conglomerate said it expected to use $5 billion of Bank of America's 6 percent...


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