|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||285,875.00|
The San Diego energy services group outbids Berkshire Hathaway with $18.8 billion offer for the Texas power network.
Sempra Energy said it will buy Oncor for $9.45 billion in cash after Energy Future Holdings Corp, which indirectly owns Oncor, abandoned a deal to sell the power transmission company to Warren Buffett's Berkshire Hathaway Inc. San Diego-based Sempra expects to own about 60 percent of a reorganized Energy Future after the transaction that is valued at $18.8 billion, including Dallas-based Oncor's debt, it said late on Sunday. 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.
Sempra Energy has gatecrashed Warren Buffett's deal to buy Oncor, reaching an agreement worth $18.8bn, including taking on more than $9bn in debt, with the owner of the Texas utility. The board of Sempra, ...