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→Proposed Sale to Berkshire Hathaway
== Proposed Sale to Berkshire Hathaway ==
On Sept. 18, 2008, MidAmerican Energy Holdings Company and Constellation Energy announced they have reached a tentative agreement in which MidAmerican will purchase all of the outstanding shares of Constellation Energy for a cash consideration of approximately $4.7 billion, or $26.50 per share. The companies expected to enter into a definitive merger agreement by close of business, Sept. 19. Upon signing a definitive merger agreement, Constellation Energy will issue $1 billion of preferred equity yielding 8 percent to MidAmerican. <ref>http://ir.constellation.com/releasedetail.cfm?ReleaseID=335425</ref>
MidAmerican is a component of Berkshire Hathaway, a holding company founded and managed by the infamous Warren Buffet.
On Wednesday, Dec. 3, 2008, Electricite de France SA -- France's state-owned power company -- bid $4.5 billion for Constellation's nuclear plants.<ref>http://finance.yahoo.com/news/French-power-company-in-hunt-apf-13740742.html</ref> This bid is only $200 million less than MidAmerican's bid for the ''entire'' company.
== Miscellaneous information ==
