Reported 6 days ago
Warren Buffett's Berkshire Hathaway is acquiring the remaining 8% of its utility unit from the estate of board member Walter Scott, with a known payment of $2.4 billion in cash and shares. However, the total value of the deal remains uncertain as the utility's shares are not publicly traded. This move aims to achieve 100% ownership of Berkshire Hathaway Energy, which encompasses several energy companies. Buffett's reluctance to disclose specifics leaves investors speculating, raising questions about the transaction's potential impact on the company's finances.
Source: YAHOO