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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Fool contributor Chuck Saletta owns shares of NV Energy. The Motley Fool recommends Berkshire Hathaway. The Motley Fool owns shares of Berkshire Hathaway. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.