California’s Governor Wants Berkshire to Bid for Bankrupt PG&E

(Bloomberg) — California Governor Gavin Newsom wants Warren Buffett’s Berkshire Hathaway to make a takeover bid for bankrupt utility giant PG&E Corp.If Berkshire is interested in buying the San Francisco-based power and natural gas company, now is the time to make an offer, Newsom said Saturday.“We would love to see that interest materialize, and in a more proactive, public effort,” he said in an interview. “That would be encouraging to see. They are one of the few that are in a position to make a significant run at this.”Newsom made the remarks following a media briefing in Napa County, just …read more

Source:: Yahoo Finance


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