Financial Times FT.com

Buffett in line for $593m payment

By Lina Saigol in London

Published: December 3 2008 23:10 | Last updated: December 3 2008 23:10

Warren Buffett stands to collect $593m in cash from Constellation Energy as a consolation prize if the US utility accepts a higher offer from EDF.

The figure is made up of the $175m break fees and $418m for common stock which can not be issued because of regulatory limits.

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