NV Energy (NVE) +22.4% AH after agreeing to be acquired by Berkshire Hathaway (BRK.A, BRK.B)...


NV Energy (NVE) +22.4% AH after agreeing to be acquired by Berkshire Hathaway (BRK.A, BRK.B) subsidiary MidAmerican Energy for $23.75/share, a 23.2% premium to today's closing price. Upon completion of the deal, MidAmerican will have assets of ~$66B and its regulated electric and gas utilities will serve 8.4M customers.

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Comments (3)
  • Mike Maher
    , contributor
    Comments (2865) | Send Message
     
    So I guess all that "sell the high yielding utility stocks" talk in the media today was a bit premature?
    29 May 2013, 04:35 PM Reply Like
  • Hendershott
    , contributor
    Comments (1831) | Send Message
     
    And dumb to boot!
    29 May 2013, 08:06 PM Reply Like
  • Michael Bryant
    , contributor
    Comments (7200) | Send Message
     
    Meanwhile, (BRK.B) is beating (SPY). http://yhoo.it/13ZQA9V
    30 May 2013, 12:00 AM Reply Like
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