Q

In 1962, "A Guy whose Middle name was Edward" began buying stock in the company after noticing a pattern in the price direction of its stock whenever the company closed a mill. Eventually, he acknowledged that the textile business was waning and company's financial situation was not going to improve. In 1964, Stanton made a verbal tender offer of $11½ per share for the company to buy back his shares. He agreed to the deal. A few weeks later, he received the tender offer in writing, but the tender offer was for only $11⅜. He later admitted that this lower, undercutting offer made him angry. Instead of selling at the slightly lower price, He decided to buy more of the stock to take control of the company and fire Stanton . However, this put him in situation where he was now majority owner of a textile business that was failing. Who and Which Co ?

A-Warren Buffett & Berkshire Hathway