Buffett’s Berkshire Nears Deal to Buy Electric-Grid Giant Oncor for More Than $17.5 Billion - News Summed Up

Buffett’s Berkshire Nears Deal to Buy Electric-Grid Giant Oncor for More Than $17.5 Billion


Berkshire Hathaway Inc.’s energy business is nearing a deal to buy Oncor, one of the country’s largest electricity-transmission businesses, according to people familiar with the matter. A deal by Warren Buffett’s Berkshire Hathaway Energy Co. to take over Oncor could be announced as soon as Thursday, the people said. The deal’s exact financial terms couldn’t be learned, but one of the people said it was worth more than $17.5...


Source: Wall Street Journal July 06, 2017 17:37 UTC



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