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Berkshire Hathaway Energy is standing by its US$9-billion
offer to buy 80 percent of Texas-based Oncor Electric Delivery
Company and will not be raising the offer, Warren Buffett’s company
said on Wednesday. The statement comes amid a bidding war with
Elliott Management for Oncor’s parent company, Energy Future
Holdings, which filed for Chapter 11 restructuring earlier this
year. “We appreciate the continued opportunity to collaborate with
many stakeholder groups in Texas and thank them for their
outstanding support, which sets…
offer to buy 80 percent of Texas-based Oncor Electric Delivery
Company and will not be raising the offer, Warren Buffett’s company
said on Wednesday. The statement comes amid a bidding war with
Elliott Management for Oncor’s parent company, Energy Future
Holdings, which filed for Chapter 11 restructuring earlier this
year. “We appreciate the continued opportunity to collaborate with
many stakeholder groups in Texas and thank them for their
outstanding support, which sets…
Berkshire Hathaway Energy is standing by its US$9-billion
offer to buy 80 percent of Texas-based Oncor Electric Delivery
Company and will not be raising the offer, Warren Buffett’s company
said on Wednesday. The statement comes amid a bidding war with
Elliott Management for Oncor’s parent company, Energy Future
Holdings, which filed for Chapter 11 restructuring earlier this
year. “We appreciate the continued opportunity to collaborate with
many stakeholder groups in Texas and thank them for their
outstanding support, which sets…
offer to buy 80 percent of Texas-based Oncor Electric Delivery
Company and will not be raising the offer, Warren Buffett’s company
said on Wednesday. The statement comes amid a bidding war with
Elliott Management for Oncor’s parent company, Energy Future
Holdings, which filed for Chapter 11 restructuring earlier this
year. “We appreciate the continued opportunity to collaborate with
many stakeholder groups in Texas and thank them for their
outstanding support, which sets…