Buffett is seeking acquisitions of companies in the $5 billion to $10 billion price range, the report notes. It's no secret that Buffett invests in areas he knows best like insurance, utilties and industrial. It's certainly an oppurtune time for Buffett to go shopping with declining valuations for some companies because of lower earnings prospects from a slowing economy.
There's plenty out there for Buffett to choose from. According to The Deal's Auction Block, there are 19 financial companies that are up for sale, including insurer Equitable Life Assurance Society Ltd. Meanwhile, Buffett may be interested in hydroelectric generation unit Electroandes PSEG Global, which was also on The Deal's Auction Block list.
Buffett's aggressive posture has been seen over the last couple of months; he picked up a 3% stake in reinsurance giant Swiss Re AG for $1.2 billion and a 60% stake of diversified manufacturer Marmon Holdings Inc. for $4.5 billion. - Gerald Magpily
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TheDeal.com: Buffett takes Swiss Re stake
TheDeal.com: Buffett acquires Marmon
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Billionaire Warren Buffett is willing to spend as much as $60 billion on deals that would fuel more growth at his conglomerate Berkshire Hathaway Inc., according to Bloomberg TV. 
