Question
The book I use for this course is Case Studies in Finance, seventh edition by Bruner Eades Schill. Please refer to the book to respond
The book I use for this course is Case Studies in Finance, seventh edition by Bruner Eades Schill. Please refer to the book to respond this question.
On the day Warren Buffett announced that Berkshire Hathaways subsidiary, Mid American Energy. would acquire PacifiCorp for $5.1 billion in cash and $4.3 billion in liabilities and preferred stock, Berkshire Hathaways Class A shares popped by 2.4%. The increase represented a $2.17 billion gain in Berkshire's market value of equity (market cap), on a day when the S&P composite index was virtually flat. What does this price action imply about the intrinsic value of PacifiCorp?
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Chains Of Finance How Investment Management Is Shaped
Authors: Diane-Laure Arjalies, Philip Grant, Iain Hardie, Donald MacKenzie, Ekaterina Svetlova
1st Edition
0198802943, 978-0198802945
