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Warren Buffett loses bidding war for Texas utility


Warren Buffett just got an unpleasant jolt — losing a multibillion bid to scoop up a bankrupt Texas energy giant. In a surprise turn of events, the folksy billionaire’s $9 billion bid for Dallas-based utility Oncor was trumped by a $9.45 billion offer from Sempra Energy, a San Diego, Calif.-based natural gas behemoth, according to...
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Source: New York Post


04:08, August 21, 2017 Josh Kosman

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