One-Page Deal Sheet
Berkshire Hathaway Subsidiary to Acquire NV Energy
Midamerican Energy Holdings Co. Nv Energy Inc.
Announced Date
May 31,2013
Transaction Type
Corporate
Location
Country
United States
Transaction Details: Subscribe to see
MidAmerican Energy Holdings Company, a subsidiary of Berkshire Hathaway Inc., and NV Energy Inc. have reached a definitive acquisition agreement whereby MidAmerican will acquire NV Energy, an energy holding company serving approximately 1.3 million electric and natural gas customers in Nevada.
Under the terms of the agreement, MidAmerican will purchase all outstanding shares of NV Energy’s common stock for $23.75 per share in cash. The transaction, which has been unanimously approved by both companies’ boards of directors, has an enterprise value of approximately $10 billion. The acquisition…
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