• Safi Bello

Sempra Is Said to Be Near Deal to Acquire Oncor Electric

Bloomberg ------- Sempra Energy is nearing a agreement to buy Oncor Electric Delivery Co. for about $9.3 billion, according to people familiar with the matter, potentially putting itself in line to scoop up the Texas utility that’s also being pursued by Warren Buffett’s Berkshire Hathaway Inc. and Paul Singer’s Elliott Management Corp. A deal could be announced as soon as Monday, said the people who asked not be identified because the matter is private. A final agreement has yet to be reached and talks may still fall apart, they said. To learn more click on the picture below to read the article.

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