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Tara Lachapelle and Liam Denning

Buffett's Unsexy Oncor Deal Needs an Encore

This isn't a bad deal, but does little to cut into Berkshire's cash mountain.
Photographer: Bloomberg/Bloomberg via Getty Images

Warren Buffett finally pulled the trigger on a deal, and in true Oracle fashion, he got it for a decent price.

But even at $9 billion, the takeover of Oncor Electric Delivery Co., announced on Friday, lacks the usual excitement of a Buffett purchase -- it's an electric utility, after all -- and is tens of billions of dollars shy of the mega-deal Berkshire Hathaway Inc. shareholders have anticipated for more than a year.