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.

Read the whole article

Get 14 days free access.
No credit card required.

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

Trial banner

Latest News

See all jobs