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Was Warren Buffett interested in buying TPL?

Posted by TPLinvestorsAdmin on

This is what a user on Seeking Alpha, Tripp11, claims. The user says he has spoken with David Barry, one of TPL’s trustees. Quote: „He […] said Warren Buffett inquired about buying the trust but called back 2 days later saying he would buy because of ‘tax reasons’“. This price was around USD 400 million, so far back in the past when TPL’s stock price was far lower.

The question remains, what tax reasons? On Buffett’s side oder on TPL’s side? Probably on TPL’s side, beausefus on Seeking Alpha says that „converting to C-Corp would conceivable solve that issue.“.

What’s your take on this? Do you think TPL fits to Warren Buffett?