REFILE-Berkshire Hathaway shares fall as Buffett to step down as CEO at year-end

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REFILE-Berkshire Hathaway shares fall as Buffett to step down as CEO at year-end

Reuters05-05

REFILE-Berkshire Hathaway shares fall as Buffett to step down as CEO at year-end

Corrects to add media packaging code

May 5 (Reuters) - Berkshire Hathaway BRKb.N fell 2.8% in premarket trading on Monday after revered investor Warren Buffett said he would be stepping down as chief executive of the conglomerate after 60 years at the helm.

Buffett will hand over the reins to Vice Chairman Greg Abel.

Class B shares of the $1.16 trillion conglomerate dipped to $525.

(Reporting by Medha Singh in Bengaluru; Editing by Mrigank Dhaniwala)

((Medha.Singh@thomsonreuters.com; +91 80 6210 0592; X, formerly Twitter: @medhasinghs;))

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