End of waiting period for Berkshire Hathaway and Russell Corporation

02/06/2006

The waiting period for US antitrust review (under the Hart-Scott-Rodino Antitrust Improvements Act of 1976) for holding company Berkshire Hathaway Inc. to acquire branded athletic and sporting goods company Russell Corporation terminated on May 30.

As previously announced on April 17, Berkshire Hathaway has agreed to acquire Russell Corporation for $18 per share for each outstanding share of Russell Corporation stock. The transaction remains subject to certain closing conditions, including Russell Corporation stockholder approval.