Berkshire Hathaway

Buffett’s Berkshire Hathaway facing challenge from Sempra Energy for Oncor

Buffett’s Berkshire Hathaway facing challenge from Sempra Energy for Oncor

Board members of the bankrupt Energy Future Holdings will reportedly hold a meeting this Sunday to decide whether to sell its power transmission division Oncor to Warren Buffett’s Berkshire Hathaway Inc. or accept a competing bid from Sempra Energy.

Speaking on the condition of anonymity, a person familiar with the matter revealed that the board received an opposing bid for Oncor from Energy Future’s biggest creditor Paul Singer's hedge fund Elliott Management Corp last Friday.

Location: 

Berkshire Hathaway declines to raise its Oncor offer

Berkshire Hathaway declines to raise its Oncor offer

Warren Buffett-led Berkshire Hathaway’s energy division declared on Wednesday that it would not increase its offer price for Oncor Electric Delivery Company LLC.

Berkshire Hathaway Energy chairman Greg Abel and Berkshire Hathaway Inc. chairman Warren Buffett stressed yesterday that they stood “firm no” at their $9 billion offer for acquiring 80 per cent of Oncor and would not increase their offer.

Location: 
Person: 

America’s best days lie ahead: Warren Buffet

America’s best days lie ahead: Warren Buffet

Warren Buffet has given indication that Berkshire Hathaway will look forward to the more acquisitions in year 2014. The Oracle of Omaha expressed confidence in the US economy. Berkshire reported record $19.5 billion full year profit, higher by 31 percent compared to last year.

The book value per share increased to $134,973 after taxes, witnessing an increase of 18.2 percent. Market analysts were expecting Berkshire to post $18 billion in profit compared to $14.8 billion in 2012.

Location: 
Person: 

Popular Stories

Harley-Davidson to turn 8 Dyna motorbikes into new Softail bikes

Betting big on cruisers, the luxury motorcycle... Read More

Uber’s net loss declines as ride bookings grow

Uber Technologies reported lower loss by nearly 9... Read More

Samsung Galaxy Note 8 facing challenges on multiple fronts

The Samsung Galaxy Note 8 is facing an increasingly... Read More

Leaked reports reveal more about new BMW M5

Luxury carmaker BMW’s next-generation M5 car will... Read More