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
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