After 4 Years, Buffett Finally Goes Shopping: Here Are 5 Things You Need to Know
With Warren Buffett's Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) weighing in at the end of the first quarter with an all-time record $137 billion in cash, cash equivalents, and marketable securities, it was only a matter of time before the Oracle of Omaha made a move. Over the holiday-lengthened weekend, it finally happened.
After making Berkshire Hathaway's last acquisition almost 4.5 years ago (Precision Castparts), it was announced Sunday afternoon, July 5, that Berkshire Hathaway affiliate Berkshire Hathaway Energy would acquire an assortment of natural gas transmission and storage assets from Dominion Energy (NYSE: D) in an all-cash deal valued at $9.7 billion, which includes the assumption of $5.7 billion in debt.
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Source Fool.com
