The utilities sector
has taken a beating in the stock market of late but that didn’t scare Warren
Buffett. MidAmerican Energy, a
subsidiary of Buffett’s Berkshire Hathaway , announced after the closing bell
that it will shell out $5.6 billion in cash to acquire NV Energy, a
Nevada-based power provider at a price of $23.75 per share. Including debt the
deal has an enterprise value of $10 billion and is expected to close in the
first quarter of 2014…
No comments:
Post a Comment