Sempra Energy Reaches Deal to Acquire Oncor
August 20 2017 - 10:59PM
Dow Jones News
By Dana Mattioli and David Benoit
Sempra Energy has reached a deal to buy Oncor for $9.45 billion
after swooping in to snatch the power-transmission company away
from Warren Buffett's Berkshire Hathaway Inc.
Sempra clinched the deal Sunday after raising an earlier offer
of $9.3 billion, according to people familiar with the matter.
Berkshire, which last month sealed a deal to buy Oncor for $9
billion, had earlier indicated it wouldn't raise its offer amid
opposition to its proposal.
Write to David Benoit at david.benoit@wsj.com
(END) Dow Jones Newswires
August 20, 2017 22:44 ET (02:44 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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