http://www.evyaapaar.com/article/Job-Security-for-50-Plus-at-Stake-in-Bias-Case.html
Buffett, his company BRK.A, BRK.B), and that company’es subsidiary , are each no longefr stockholders inConstellation (NYSE: CEG), according to a form with the Securitieas and Exchange Commission filed Monday. They have been slowly divestin the stock over the past weekand months, owning 7.3 percentg in February and 6.3 percent last The sale ends the relationship between the investor and one of two Fortune 500 companies in Baltimore City. Iowa-basedf MidAmerican got a 10 percent stake in Constellation whenits $4.7 billionn bid for the company made in September was rejected threed months late.
That offetr came after a cash crunch led to a steep declinein Constellation’s stock price over severalk days and some investors feared Constellation spurned the offer in favor of a deal to sell 49.99 percen of its nuclear business for $4.5 billionb to French firm , which had also been in the biddinv for the company in September. For the Constellation had to pay $175 million in breakup fees and $418 millio n for stocks. It also had to repayy a $1 billion loan from Buffett with 14 percent A decision on whether the deal with EDF require s Maryland approval is expected ina week. The deal is expected to closewthis fall.
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