Buffett Makes His Move

Warren Buffett deployed a significant portion of his cash hoard today. Buffett has agreed to purchase the electric utility PacifiCorp through the Berkshire Hathaway subsidiary, MidAmerican Energy Holdings. This will be a $5.1 billion cash transaction. You can learn more about this deal in the following articles:

• Buffett Makes $5.1B Bid in Power Industry - AP
• Buffett to buy PacifiCorp for $5.1 bln - Reuters
• Berkshire’s Fishing Expedition Pays Off - Motley Fool

Useful Links: