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US regulators criticize Buffett s failed $1 3B pipeline deal

US regulators criticize Buffett s failed $1.3B pipeline deal By JOSH FUNK Associated Press July 13, 2021 4:42pm Text size Copy shortlink: OMAHA, Neb. Federal regulators say Berkshire Hathaway s $1.3 billion deal to buy a natural gas pipeline from Dominion Energy that fell apart this week should have never been attempted because a similar deal drew strong opposition in the past. The acting director of the Federal Trade Commission s Bureau of Competition, Holly Vedova, said Tuesday that the companies involved should have known that the deal was unlikely to get approved because the agency previously opposed a similar combination involving Dominion s Questar pipeline and Berkshire s Kern River pipe

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