After waiting for an attractive potential haul, Warren Buffet must be satisfied with the latest acquisition agreement which was announced on the 29th of May. Warren Buffett’s MidAmerican Energy Holdings Co. is to spend whooping $5.6 billion in cash for NV Energy which is the Nevada’s company, aiming to strengthen its position in the state. Analysts are convinced that this deal might be a start of a string of acquisitions in the sector.
Warren Buffett, the Chief Executive of Berkshire Hathaway Inc. declared that the investment firm has managed to pick Buffett’s successor. Warren Buffett told investors that the Berkshire Hathaway board has identified his successor, lessening some shareholder concern about the future of the company after the Warren Buffett, the 81-year-old investor, steps down as chief executive.