Deals
Buffett Power Hunt May Target Wisconsin Energy: Real M&A
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Warren Buffett’s drive for power is far from over.
Buffett signaled in his latest annual letter to shareholders that Berkshire Hathaway Inc.’s MidAmerican Energy Holdings Co. has the appetite for another “major” acquisition after paying more than $5 billion last year for an electricity provider in Nevada. Utilities that meet Buffett’s takeover criteria include Wisconsin Energy Corp., a $9.8 billion company with a return on equity of 14 percent in 2013, and Alliant Energy Corp., according to data compiled by Bloomberg.