Time of acquisition announcement

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In the case "Warren Buffett, 2015", the announcement to acquire PCP at a premium, which also happened to be the largest acquisition of Berkshire Hathaway, received negative reactions from the stock markets. Based on your learnings from the course and information available at that time of acquisition announcement, explain the reasons behind the disparity between Buffett's decision and market's reaction.

Reference no: EM133046326

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