Warren Buffett's Berkshire Hathaway Sells Remaining Constellation Energy Stake
Warren Buffett's Berkshire Hathaway has sold its remaining stake of over six percent in Constellation Energy, with most of it going to a British investment bank.
In an SEC filing, Berkshire's MidAmerican Energy Holdings discloses a series of sales, including the sale of almost 11 million shares today (Monday) at $27.25 each to Barclays Capital. The rest of the shares listed in today's filing were sold on the open market over the past two weeks.
Berkshire got over 20 million shares, a 10 percent stake, of Constellation in late December as a break-up fee. Constellation had walked away from its September merger pact with MidAmerican to take a sweeter offer from France's ECF.
Berkshire has been selling chunks of the shares since the beginning of this year. Its most recent filing in mid-May showed a 6.3 percent stake, about 12.5 million shares.
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