WARREN BUFFETT Quote : Rule No.1: Never lose money. Rule No.2: Never forget rule No.1.
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Wednesday, June 3, 2009

Warren Buffett sells remaining Constellation shares

Investor Warren Buffett has sold the last remaining shares he got when he attempted to take over Constellation Energy Group Inc.

The last of the stock, about 11 million shares, were sold to Barclays Capital Inc. for $27.25 apiece on Monday. Constellation shares rose 23 cents to $27.51 for the day.

Buffett, his company Berkshire Hathaway (NYSE: BRK.A, BRK.B), and that company’s subsidiary MidAmerican Energy, are each no longer stockholders in Constellation (NYSE: CEG), according to a form with the Securities and Exchange Commission filed Monday. They have been slowly divesting the stock over the past weeks and months, owning 7.3 percent in February and 6.3 percent last month.

The sale ends the relationship between the investor and Constellation, one of two Fortune 500 companies in Baltimore City.
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