Warren Buffett's Berkshire Hathaway (NYSE: BRK-A)(NYSE: BRK-B) announced yesterday that it's buying Nevada Electric generator NV Energy (NYSE: NVE) for $23.75 per share in cash. That's great news that more or less locks in a gain for the real-money Inflation-Protected Income Growth portfolio, which holds shares of NV Energy. Still, it raises a key question -- what should be done with the cash that the iPIG portfolio will get from that acquisition?
Watch the brief video below to find out what iPIG portfolio manager Chuck Saletta plans to do with the news.
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For more on Berkshire Hathaway
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