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Wesco Financial Corporation was an American diversified financial corporation headquartered in Pasadena, California. Wesco was originally the holding company for Mutual Savings, a savings and loan association. Mutual Savings' thrift operations were sold to CenFed Bank in 1993. [6]
The acquisition of this company was controversial following accusations that Buffett's company, Blue Chip, bought Wesco shares to defeat an impending merger between Wesco and Financial Corp. [17] [18] Wesco began as a savings and loan association, but eventually grew to control Precision Steel Corp., CORT Furniture Leasing, Kansas Bankers ...
Wesco International, Inc. is a publicly traded American holding company for Wesco Distribution, an electrical distribution and services company based in Pittsburgh, Pennsylvania. [ 3 ] Wesco International, Inc. provides electrical, industrial, communications, maintenance, repair, and operating (MRO), original equipment manufacturer (OEM ...
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Wesco is the name of several companies in the United States: WESCO International , an electrical distribution company based in Pittsburgh, Pennsylvania Wesco Financial , a diversified financial corporation based in Pasadena, California
The industrial sector's winter of discontent continued with industrial supply company WESCO managing to miss estimates in the fourth quarter. There is no doubt that weather has had a serious ...
On January 3, 1972, Blue Chip obtained a controlling interest in See's Candies.Blue Chip later acquired 100 percent of See's for an overall price of $25 million.. Wesco Financial Corporation was an 80.1 percent owned subsidiary of Blue Chip Stamps until its complete merger into Berkshire Hathaway in 2011.