SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
October 24, 1999
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Date of Report (Date of Earliest Event Reported)
MidAmerican Energy Holdings Company
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(Exact Name of Registrant as Specified in Charter)
Iowa 0-25551 94-2213782
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(State or Other Jurisdiction (Commission File (IRS Employer
of Incorporation) Number) Identification No.)
666 Grand Avenue
Des Moines, Iowa 50309
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(Address of Principal Executive Offices and Zip Code)
(515) 242-4300
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(Registrant's Telephone Number, Including Area Code)
N/A
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(Former Name or Former Address, if Changed Since Last Report)
Item 5. Other Events.
On October 25, 1999, MidAmerican Energy Holdings Company (the
"Company") announced that it had entered into an Agreement and Plan of
Merger, dated as of October 24, 1999 (the "Merger Agreement"), with
entities formed by an investor group including Berkshire Hathaway, Inc.,
Walter Scott, Jr. and David L. Sokol. Pursuant to the Merger Agreement,
the investor group's acquisition vehicle, Teton Acquisition Corp., will be
merged with and into the Company, with the Company as the surviving
corporation in the merger, and holders of the Company's common stock will
have the right to receive $35.05 per share in cash, without interest.
Consummation of the transactions contemplated by the Merger
Agreement is subject to the approval of a majority of the outstanding
shares of the Company's common stock, the receipt of certain regulatory
approvals and other customary conditions.
Copies of the Merger Agreement and the press release announcing
the execution of the Merger Agreement are filed herewith as Exhibits 99.1
and 99.2, respectively, and are incorporated herein by reference. The
description of the Merger Agreement set forth herein is qualified in its
entirety by reference to the provisions of the Merger Agreement.
Item 7. Financial Statements, Pro Forma Financial Information and
Exhibits.
(c) Exhibits.
99.1 Agreement and Plan of Merger, dated as of October 24,
1999, by and among MidAmerican Energy Holdings Company,
Teton Formation L.L.C. and Teton Acquisition Corp.
99.2 Press Release, dated October 25, 1999, of the Company.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
Date: October 25, 1999
MIDAMERICAN ENERGY HOLDINGS COMPANY
By: /s/ Steven A. McArthur
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Name: Steven A. McArthur
Title: Senior Vice President, Mergers
and Acquisitions
Exhibit Index
Exhibit Description
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99.1 Agreement and Plan of Merger, dated as of October 24, 1999, by
and among MidAmerican Energy Holdings Company, Teton Formation
L.L.C. and Teton Acquisition Corp.
99.2 Press Release, dated October 25, 1999, of the Company.