OMAHA, Neb. - Warren Buffett's company sold a second chunk of the roughly 20 million shares of Constellation Energy Group Inc. it received when Constellation rejected a takeover bid.
Berkshire Hathaway Inc.'s Iowa-based utility company, MidAmerican Energy Holdings Co., recently sold nearly 2.4 million shares of Constellation stock. The sale was reveled in documents filed with the Securities and Exchange Commission.
MidAmerican held 14.8 million shares of Constellation stock after the Feb. 6 sale.
MidAmerican received the stock and $593 million cash after Baltimore-based Constellation rejected MidAmerican's $4.7 billion takeover bid in favor of a deal with Electricite de France SA.
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The Four Filters Invention of Warren Buffett and Charlie Munger by Bud Labitan
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