By Erik Holm
Feb. 9 (Bloomberg) -- Warren Buffett’s Berkshire Hathaway Inc. sold shares in Constellation Energy Group Inc. for the second time in a month after declining to enter a bidding war for the firm.
Berkshire’s MidAmerican Energy Holdings Co. reported a stake of 14.8 million shares, or about 7.5 percent of the stock, in a regulatory filing today. That compares with about 17.2 million shares disclosed on Jan. 22.
Berkshire took the stake as part of a termination package last month when Constellation broke an agreement to sell itself to Buffett’s firm for $4.7 billion. Constellation instead struck a deal to sell half of its nuclear-power business to Electricite de France SA for $4.5 billion. Berkshire also got about $593 million in cash.
Constellation shares fell 50 cents, or 1.9 percent, to $26.40 today in New York Stock Exchange composite trading. Berkshire rose $650 to $90,000.
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