|Bid||177.32 x 500|
|Ask||177.56 x 500|
|Day's Range||176.27 - 178.82|
|52 Week Range||141.92 - 179.99|
|PE Ratio (TTM)||19.43|
|Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
A lawyer for Elliott Management Corp told a U.S. bankruptcy judge on Friday that an unidentified utility could pay $9.3 billion to buy Texas power transmission company Oncor Electric Delivery Co, topping Berkshire Hathaway Inc's $9 billion bid. Such a bid would add to the competition that Warren Buffett, Berkshire's chief executive, faces for Oncor. Elliott, a hedge fund that is the largest creditor of Oncor's bankrupt parent Energy Future Holdings Corp, has been seeking to block Oncor's sale to Berkshire Hathaway and put together a consortium to buy the company.
A bearish breakdown is playing out between the broader U.S. equity benchmarks and General Electric, a key component of the Dow and one of the most storied U.S. companies.
American Express has a different business model from its rivals. Here's why I'm a believer in the company for the long run.