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 ...
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 Last Updated at August 22, 2017 23:49 IST