MidAmerican Energy Holdings Company, a subsidiary of Berkshire Hathaway Inc. (BRK-B,BRK-A, BRKa), Wednesday said it has agreed to acquire NV Energy Inc. (NVE). The transaction has an enterprise value of about $10 billion.
MidAmerican will buy NV Energy's common stock for $23.75 a share in cash. The transaction has been unanimously approved by both companies' boards of directors.
The acquisition is subject to customary closing conditions, including the approval of the transaction by NV Energy's shareholders and the receipt of required state and federal approvals. The transaction is currently expected to be completed in the first quarter of 2014.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.