Billionaire versus billionaire: Buffett's bid challenged

Warren Buffett's USD 18 billion bid for Oncor is not high enough, says the utility' largest creditor, who is raising the bar with a counter-bid.
Photo: /ritzau/AP/John Minchillo
Photo: /ritzau/AP/John Minchillo

Last week it emerged that US billionaire Warren Buffett's company, Berkshire Hathaway, had placed a bid of USD 18 billion for Texan energy company Oncor. However, this bid is not high enough, says the largest creditor in Oncur's crisis-struck parent company Energy Future Holdings, billionaire Paul Singer, who will place a USD 18.5 billion counter bid.

Already a subscriber?Log in here

Read the whole article

Get access for 14 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

With your free trial you get:

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
!
!
Must contain at least 6 characters
!
Must contain at least 2 characters
!
Must contain at least 2 characters

Get full access for you and your coworkers

Start a free company trial today

Sign up for our newsletter

Stay ahead of development by receiving our newsletter on the latest sector knowledge.

!
Newsletter terms

Front page now

Further reading

Jobs

See all jobs