|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||265,612.00 - 268,761.00|
|52 Week Range||213,030.00 - 270,000.00|
|PE Ratio (TTM)||19.50|
|Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Sempra Energy has reached a deal to buy Oncor for $9.45 billion after swooping in to snatch the power-transmission company away from Warren Buffett’s Berkshire Hathaway.
The development represents a rare blow for Buffett, who avoids bidding wars for companies and had swooped in two months ago to buy Oncor after two previous attempts by Energy Future to sell it were blocked by Texas regulators. It is also a defeat for Greg Abel, the 55-year-old chief executive of Berkshire's energy unit who many investors consider a top candidate to eventually succeed Buffett, 86, at the Omaha, Nebraska-based parent company's helm.
Sempra Energy is gate-crashing Warren Buffett's deal to buy Oncor, reaching an agreement worth $18.45bn including $9bn in debt with the owner of the Texas utility, said people briefed about the negotiations. ...