Buffett wasn’t mentioned in materials on the deal, potentially signaling a passing of the torch to Vice Chair Greg Abel, who will become CEO in January.

Warren Buffett is staying active even as he gets ready to hand over the CEO reins at the end of this year.

Buffett wasn’t mentioned in materials on the deal, potentially signaling a passing of the torch to Vice Chair Greg Abel, who will become CEO in January.

The transaction reflects Buffett's investment acumen: buying a good business at an attractive price, while skirting the possibility of costly headaches.