Thursday, September 18, 2008

Warren Buffett Buys Constellation Energy

A subsidiary of Warren Buffett's Berkshire Hathaway just announced a tentative agreement to buy Constellation Energy for roughly $4.7 billion in cash.

MidAmerican Energy Holdings is paying just $26.50 a share. Constellation's stock closed at $58.37 last Friday and finished 2007 at $102.53.
Source: CNBC

----------------------------------

And finally the company got sold and that too at a throwaway price. How many more to go ?

No comments: