Deals
Berkshire's Oncor Bid Is $300 Million Short, Elliott Management Says
- Elliott may walk away if Berkshire raised its offer: Oncor CEO
- Elliott has argued that Berkshire is under-valuing Oncor
Robert Shapard, chief executive officer at Oncor Electric Delivery Co. LLC, discusses Elliott Management Corp.'s potential challenge to Berkshire Hathaway Inc.'s $9 billion all-cash bid for his company. He speaks on 'Bloomberg Daybreak: Americas.' (Source: Bloomberg)
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What might it take to end the escalating fight between Warren Buffett’s Berkshire Hathaway Inc. and Paul Singer’s Elliott Management Corp. over the takeover of a Texas utility?
According to the chief executive officer of that utility, Oncor Electric Delivery Co.: $300 million.