Follow-up: Buffet’s Investment in TX Company Challenged
As a follow-up from our July story, “Billionaire Investor Warren Buffett Sees Promise in Israel and Texas’ Economy,” Buffett’s initial plans to acquire Texas’ largest electronic transmission unit Oncor have been challenged! Sempra Energy, an energy firm based in San Diego, California, announced in a press release on August 21st that it has reached an agreement to acquire Energy Future Holdings Corp., which owns 80% of Oncor, at $9.45 billion--outbidding Buffett by almost hal