Warren Buffett reportedly denies a report that Berkshire Hathaway will acquire the embattled California utility PG&E.
FILE - In this Nov. 9, 2018 file photo, firefighter Jose Corona sprays water as flames from the Camp Fire consume a home in Magalia, Calif. The massively expensive wildfires in 2017-2018 have prompted the creation of a five-member board, that met Wednesday April 3, 2019, to continue to consider who should pay for the increasingly destructive and costly wildfires.
PG&E filed for Chapter 11 bankruptcy in January given its liabilities related to California wildfires.Warren Buffett has denied that Berkshire Hathaway is in talks to acquire the embattled California utility PG&E,PG&E shares soared by as much as 25% early Wednesday after SparkSpread reported that the Warren-Buffett led company was holding talks to acquire the utility.This story is developing.
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