Deals
Paul Singer Could Finally Get Warren Buffett to Punch Back
- The two billionaires cross paths over prized Texas utility
- Paul Singer wants a higher takeover bid for Oncor Electric
Oncor CEO Says Company Is 'Great Fit' for Buffett
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Warren Buffett hates to get into a fight. Paul Singer lives for it.
Now, the two billionaires’ paths have crossed in the pursuit of a prized Texas utility. Buffett’s Berkshire Hathaway Inc. has hammered out a deal for Oncor Electric Delivery Co. that could put an end to the decade’s largest bankruptcy. Singer’s hedge fund, Elliott Management, stands in the way, having employed an over-my-dead-body approach to the terms of Berkshire’s $18 billion bid.