Berkshire Hathaway acquired MidAmerican Energy Holdings Company for Not separately quantified in this filing; Berkshire took convertible preferred and common representing 9.7% of the vote and ~76% of the economics, plus $455 million of MidAmerican trust preferred securities, a transaction completed in March 2000, structured as combination (cash for preferred and common equity).
MidAmerican Energy Holdings Company operates in Energy / regulated utilities, is based in Des Moines, Iowa. Berkshire acquired a controlling economic interest in MidAmerican Energy Holdings through convertible preferred and common stock representing about 9.7% of the voting interest and roughly 76% of the fully diluted economic interest, plus $455 million of 11% trust preferred securities. MidAmerican became the platform for Berkshire's later utility acquisitions (PacifiCorp, NV Energy) and was renamed Berkshire Hathaway Energy.
A regulated-utility platform with a long runway for capital reinvestment.
Berkshire acquired convertible preferred stock of a newly-formed entity that merged with and into MIDAMERICAN ENERGY HOLDINGS COMPANY. These securities possess 9.7% of the voting interest and 76% of the economic interest on a fully-diluted basis in MidAmerican.Berkshire Hathaway FY2000 10-K, Business description
Advisory firms were not disclosed for this transaction.