Berkshire Hathaway's Oncor Bid Moves Forward; No Change to $290,000 ($193) per Class A (B) Share FVE
We've not been too surprised by the hardball tactics wide-moat-rated Berkshire Hathaway has taken with regard to its bid for Energy Future Holdings' 80% equity stake in Oncor Electric Delivery, with Berkshire Hathaway Energy warning last week that it would walk away from the $9 billion bid (which values Oncor at $18.2 billion) if the purchase isn't approved Aug. 21.ÂElliott Management, the largest creditor of the bankrupt EFH, has put a $9.3 billion bid on the table (valuing Oncor at $18.5 bill...
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