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BERKSHIRE HATHAWAY MAY MAKE
OFFER FOR BURGER KING CHAIN

Berkshire Hathaway may make an offer for Diageo Plc's Burger King chain, the New York Times reported, citing executives close to the matter.

Berkshire Hathaway, headed by Warren Buffett, wasn't part of the early bidding for the chain, the newspaper said. Berkshire Hathaway, which owns The Buffalo News, also owns the Dairy Queen chain.

The planned $2.26 billion sale of Burger King was canceled Monday after Diageo said the buyers had dropped out.

Several potential buyers have already scheduled meetings with Diageo,though the company isn't expected to get offers close to $2.26 billion, the newspaper said.

Other potential buyers may be Blackstone Group LP, Madison Dearborn Partners and Thomas H. Lee Partners LP, the newspaper said, citing executives close to the sale process.

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