Friday, August 25, 2017

Buffett outbid for Oncor but could still get $270m breakup fee

Warren Buffett is getting oohs and aahs for bagging a $270 million breakup fee after his Berkshire Hathaway Energy was outbid for Oncor by Sempra Energy, which won the company with a $9.45 billion offer. Buffett - true to form - refused to budge from his initial offer, an all-cash $9 billion bid for the Texas power transmission firm that serves 10 million customers.

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