Berkshire paid for the 1993 Dexter acquisition using Berkshire shares.

True: Berkshire's 1993 purchase of Dexter Shoe was paid for with Berkshire shares (wholly or essentially so). Mostly true: shares made up most of the payment, with some cash. Mixed: the payment was roughly half shares and half cash. Mostly false: shares were only a small part of the payment. False: the deal was paid for in cash or other non-Berkshire consideration.

Set before the research began.

1. E1 The sale of Dexter Shoe Co. to Warren Buffett of Berkshire Hathaway Inc. is seen Portland Press Herald (via Maine News Index, Portland Public Library Digital Commons) · 2 October 1993

   “The Alfond family will receive $419 million for the 2,500-employee company.”

2. E2 1993 Warren Buffett Berkshire Hathaway Shareholder Letter — Buffett Letters · Chian Chian (Buffett Letters knowledge base) · March 1994 Own record

   “Additionally, we issued 25,203 shares when we acquired Dexter Shoe, a purchase discussed later in this report.”

3. E3 1993 Warren Buffett Berkshire Hathaway Shareholder Letter — Buffett Letters · Chian Chian (Buffett Letters knowledge base) · March 1994

   “He acquires Dexter Shoe using stock, which he will later call his all-time worst deal.”

4. E4 Warren Buffett's Shoe Group: a case study in success and failure ADVFN (Glen Arnold column) · 6 December 2023

   “But he agreed to pay with 25,203 Berkshire Hathaway shares, around 2.14% of the 1.177m shares in public issue.”

5. E5 Warren Buffett's Shoe Group: a case study in success and failure ADVFN (Glen Arnold column) · 6 December 2023

   “Dexter, November 1993: 2.14% of Berkshire’s shares, worth $433m”

Berkshire's 1993 shareholder letter says the company issued 25,203 shares when it acquired Dexter Shoe [E3]. An independent column says Buffett agreed to pay for Dexter with 25,203 Berkshire shares, and its summary table lists the price as 2.14% of Berkshire's shares, worth $433m [E5, E6]. That figure is close to the $419 million the Alfond family was reported to receive at the time [E2], which suggests the share issue was essentially the whole payment. E4 also describes the deal as made using stock.