Warren Buffet

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.

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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.

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