Buffet's MidAmerican to Acquire Constellation Energy. (24-SEP-08) Gas Processors Report

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Buffet's MidAmerican to Acquire Constellation Energy.

Publication: Gas Processors Report

Publication Date: 24-SEP-08

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Global energy provider MidAmerican Energy Holdings Co., Des Moines, Iowa, owned by Warren Buffett's Berkshire Hathaway, plans to acquire integrated utility company Constellation Energy, Baltimore, (NYSE: CEG) for approximately $4.7 billion in stock.

MidAmerican will pay $26.50 per Constellation share. Constellation traded at $65 on Sept. 2 with a high of $107...

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