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Warren Buffett's latest deal to hit the skids after Kraft

The loss comes six months after another multibillion-dollar Buffett pursuit hit the skids

Bloomberg 

This year isn’t shaping up to be the stuff of Warren Buffett dealmaking legend. Buffett’s $9 billion bid to acquire Oncor Electric Delivery started to unravel last week after Paul Singer’s Elliott Management outmaneuvered the Oracle of Omaha by acquiring a small parcel of unsecured debt. That opened a window for Sempra Energy to swoop in and strike a deal to acquire the Texas utility. The loss comes six months after another multibillion-dollar Buffett pursuit hit the skids. In February, his Berkshire Hathaway  committed $15 billion to help Kraft Heinz ...

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First Published: Tue, August 22 2017. 23:34 IST
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