TABC to Warren Buffett: Get A Grip

Dear Client: This summer we've been following the Warren Buffett-owned McLane Group -- the mega bev-alc distributor who has been fighting with the Texas Alcohol Beverage Commission about cross-ownership of shares in different tiers of the business. Don't recall? Let's go: Warren Buffett's food distribution business, McLane Company, is hell-bent on distributing booze in Texas. But the TABC's alleged "one share rule" thwarted those plans. Supposedly, a single overlapping share of stock ownership between tiers, whether direct or indirect, is