Berkshire Hathaway Energy will acquire 4.42 million shares of its voting common stock and a $100-million bond maturing in 2057, in exchange for the $2.37-billion in cash and a $600-million, one-year note
will take full ownership of Berkshire Hathaway Energy , after Warren Buffett’s conglomerate agreed to acquire the 8 per cent it did not already own from the family of late billionaire philanthropist Walter Scott. According to a Tuesday regulatory filing, Berkshire Hathaway Energy will pay $2.37 billion in cash for about 4.42 million of its shares.
Scott, an Omaha native, was a long-time Berkshire director and Buffett friend who died in Sept. 2021 at age 90. The purchase also lets Berkshire spend some of its cash, which totalled $276.9 billion as of June 30.
Berkshire Cent Hathaway Transaction Comment Unit Cash Family Berkshire Hathaway Energy Greg Abel Geico
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