Angela Merkel’s Husband Wants Melania and Ivanka Trump to Learn About Climate Change

Buffett's Berkshire Hathaway nears deal for bankrupt Oncor: sources

Buffett's Berkshire Hathaway nears deal for bankrupt Oncor: sources

The deal is a bold bet by Buffett that he can get the deal past Texas regulators after they blocked two earlier attempts to sell Oncor to other companies. It also represents a return to a previously soured investment for Buffet, who in 2013 lost $873 million on his bonds in Oncor's parent, Energy Future Holdings. Berkshire Hathaway's deal, which could be announced by Friday, would value Oncor at slightly less than Florida utility NextEra Energy Inc's previous $18.4 billion bid, making it Buffett's third biggest acquisition ever, two people said.


...Read the rest of this story