Warren Buffet and Charlie Munger purchased 6.2% of the outstanding shares of The Coca-Cola Company for $1,000,000,000.00 in 1988 making their Berkshire Hathaway the largest stockholder of the Atlanta company.
In 2013, a Coca-Cola bottle was made to commemorate the 25 years of this historic investment by Berkshire Hathaway. It was given out during the Berkshire Hathaway shareholder weekend in May.
Berkshire Hathaway (NYSE:BRK.A) owned 400,000,000 shares of The Coca-Cola Company (NYSE:KO) in 2013. The closing price of KO on May 3, 2013, the day before BRK shareholder meeting in Omaha, Nebraska, was $42.24. The value of KO shares owned by Berkshire Hathaway was $16,896,000,000.00.
The 8 oz glass bottle was fully wrapped in red with the lettering in white: Coca-Cola CELEBRATES 25 Years with Berkshire Hathaway Inc. 1988-2013. A large stylized 25 in black appears at the waist of the bottle behind Berkshire Hathaway Inc.
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