Media: Buffett will bid USD 18 billion on utility

Berkshire Hathaway has set its sights on a Texan utility. However, the bid is far below a rejected offer last year.

The largest utility in Texas, Onco, could soon enter the portfolio of US business magnate Warren Buffett. Perhaps as early as this Friday, the billionaire's company Berkshire Hathaway will likely offer Energy Future Holdings USD 18 billion for the company, which is the seventh-largest in the US.

The reports come from leading US media, referring to unnamed sources with insight into the case.

Already a subscriber? Log in.

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.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

Further reading

Related articles

Latest News

See all jobs