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Buffett's Berkshire Hathaway will not increase its Oncor offer

Buffett's Berkshire Hathaway will not increase its Oncor offer

Elliott Management Corp, the largest creditor of Oncor's bankrupt parent Energy Future Holdings Corp, has tried to best Berkshire's offer for the Texas utility with a $9.3 billion proposal. Elliott, which already owned a major position in the biggest block of debt of Energy Future, has now purchased a slice of a different class of debt that would ensure the hedge fund's ability to block Buffett's deal, the Wall Street Journal reported on Wednesday.


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