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August 17, 1993|From Times Staff and Wire Reports

Buffett Plans Bigger Stake in Salomon: Investment company Berkshire Hathaway Inc., led by Warren Buffet, who is reportedly worth $6.4 billion, has filed a request with the Securities and Exchange Commission to raise its stake in Salomon Inc. to at least 15% from 14.3%. Buffet, known as an investor who buys big interests in major companies and then holds on, believes the earnings of the nation's fifth-largest securities firm will continue to advance, other investors said. Salomon shares surged Monday as much as 8% on news of Buffett's intentions.

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