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Buffett pays 5.6 billion for Vegas utility, bulks up in West
Reuters ^ | 5/30/13 | Thyagaraju Adinarayan and Braden Redall

Posted on 05/29/2013 11:27:23 PM PDT by Freedom of Speech Wins

Berkshire's MidAmerican Energy Holdings Co said on Wednesday it will buy NV Energy for $23.75 per share, a 23 percent premium to NV's Wednesday closing price. NV Energy shares rose to $23.90 in after-hours trading on Wednesday.

It is not uncommon for shares in Buffett's target companies to trade slightly above the offer price, even where there are no competing bids and Buffett has said explicitly the offer is his best and final one.

(Excerpt) Read more at in.reuters.com ...


TOPICS: News/Current Events; US: Nevada
KEYWORDS: lasvegasbuffett
One of the richest buys the monopoly power company for the region, while he is a donor to the Democratic Party. What could possibly go wrong?

Romney said to Obama that he doesn't only pick the winners, he also picks the losers.

The real losers here could be Nevada residents paying their power bills to Warren Buffett.

1 posted on 05/29/2013 11:27:23 PM PDT by Freedom of Speech Wins
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To: Freedom of Speech Wins

Buffet is certainly making his moves. Power, utilities, railways, residential real estate. Those are smart moves. Those are the moves I would pick if I were in his position.

What I would pick next would be ship building companies. And small countries in South America.


2 posted on 05/30/2013 12:28:53 AM PDT by Kevmo ("A person's a person, no matter how small" ~Horton Hears a Who)
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To: Kevmo
Like the small countries in South America part.

Why shipbuilding companies and what types of ships?

3 posted on 05/31/2013 12:49:56 AM PDT by Freedom of Speech Wins
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To: Kevmo

Sounds like a giant real life monopoly game.


4 posted on 05/31/2013 12:50:37 AM PDT by Freedom of Speech Wins
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To: Freedom of Speech Wins

Well, he’s building hotels on Marvin Gardens. Only one other player has a single house on Baltic. Must be fun for him.


5 posted on 05/31/2013 12:53:50 AM PDT by Kevmo ("A person's a person, no matter how small" ~Horton Hears a Who)
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To: Kevmo

Hoping Obama and Holder get the “Go Directly to Jail!” card.


6 posted on 05/31/2013 12:56:31 AM PDT by Freedom of Speech Wins
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To: Freedom of Speech Wins
Ship building because no one owns the ocean. Everywhere you go on land, someone owns that land. Not so with the ocean. The types of ships would be the biggest you can build. Aircraft carriers, cargo ships, and cruise ships. There are multiple developments in these 2 areas. Massive Ships 12-Miles Offshore to Provide Floating City for ... http://www.freerepublic.com/focus/news/2997508/posts?page=61‎ Mar 16, 2013 – "Blueseed will station a ship 12 nautical miles from the coast of San ... Those who come out from Silicon Valley to work will naturally have to pay taxes to ..... Aging Baby Boomers: Could older folks live aboard cruise ships? http://www.freerepublic.com/focus/news/1305471/posts?page=57 Testing Indian aircraft carrier in Barents Sea - Free Republic http://www.freerepublic.com/focus/f-news/2855691/posts‎ Mar 6, 2012 – "The conversion plans for the aircraft carrier involve stripping all the ... much other then container ships, bulk carriers and passenger ferries. ‎
7 posted on 05/31/2013 1:05:03 AM PDT by Kevmo ("A person's a person, no matter how small" ~Horton Hears a Who)
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To: Freedom of Speech Wins
the difference between "your reply" and how it looks on posting is goosefood.





Ship building because no one owns the ocean. Everywhere you go on land, someone owns that land. Not so with the ocean.

The types of ships would be the biggest you can build. Aircraft carriers, cargo ships, and cruise ships. There are multiple developments in these 2 areas.

Massive Ships 12-Miles Offshore to Provide Floating City for ...
http://www.freerepublic.com/focus/news/2997508/posts?page=61‎
Mar 16, 2013 – "Blueseed will station a ship 12 nautical miles from the coast of San ... Those who come out from Silicon Valley to work will naturally have to pay taxes to .....


Aging Baby Boomers: Could older folks live aboard cruise ships?
http://www.freerepublic.com/focus/news/1305471/posts?page=57


Testing Indian aircraft carrier in Barents Sea - Free Republic
http://www.freerepublic.com/focus/f-news/2855691/posts‎
Mar 6, 2012 – "The conversion plans for the aircraft carrier involve stripping all the ... much other then container ships, bulk carriers and passenger ferries.








8 posted on 05/31/2013 1:08:10 AM PDT by Kevmo ("A person's a person, no matter how small" ~Horton Hears a Who)
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To: Freedom of Speech Wins

Even worse is the “getting audited by the IRS” card when you have tons of houses but little cash. It’s devastating.

But either card works fine for me if those 2 get it.


9 posted on 05/31/2013 1:18:08 AM PDT by Kevmo ("A person's a person, no matter how small" ~Horton Hears a Who)
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