Berkshire Hathaway Inc. disclosed Thursday that it owns 40.1 million shares of ExxonMobil Corp. currently worth an estimated $3.45 billion.
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Reports: EDF-Constellation Deal Could Happen This Week
It might be that persistence pays even when one’s rival is Warren Buffett’s MidAmerican Energy Holdings Co. News reports Tuesday said a deal for Electricite de France SA (EDF) to acquire half of the nuclear power business of troubled Constellation Energy Group Inc. is close at hand, potentially scotching MidAmerican’s signed agreement to take over the company.
Buffett Might Find Competition for Constellation’s Hand
While things still appear aligned for Warren Buffett’s MidAmerican Energy Holdings to scoop up embattled Constellation Energy for $4.7 billion, or $26.50/share (see Daily GPI, Sept. 19), reports in a number of newspapers indicate that there could be a dark horse that might swoop in over the weekend with a competing offer, one that is rumored to be more than a billion dollars sweeter to Constellation.