© 2013 The Texas Lawbook.
By Mark Curriden, JD
Senior Writer for The Texas Lawbook
(May 29) – MidAmerican Energy Holdings Company, a subsidiary of Berkshire Hathaway Inc., announced Wednesday that it is purchasing Las Vegas-based NV Energy, Inc. for $10 billion.
Des Moines-based MidAmerican will purchase all outstanding shares of NV Energy’s common stock for $23.75 per share in cash. NV Energy is an energy holding company serving approximately 1.3 million electric and natural gas customers in Nevada.
The transaction is currently expected to close in the first quarter of 2014.
Three of the Gibson, Dunn & Crutcher lawyers advising MidAmerican are in the firm’s Dallas office, including corporate M&A partner Robert Little and corporate associates Jonathan Whalen and Chris Babcock.
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