Warren Buffett picks up NV Energy for $5.6 billion

Reuters

Berkshire Hathaway Inc's subsidiary MidAmerican Energy will buy Nevada's largest electric utility NV Energy Inc for $5.6 billion.

MidAmerican Energy Holdings Co will purchase NV Energy's common stock for $23.75 per share, a 23 percent premium to NV's Wednesday closing price.

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(Reporting By Thyagaraju Adinarayan; Editing by Don Sebastian)