Sempra Energy is close to a $9.3 billion deal to buy Texas utility Oncor Electric Delivery Co., Bloomberg News reported Sunday. Oncor’s parent is the bankrupt Energy Future Holdings Corp., and rumors have been flying for months over who might buy the unit. In July, Warren Buffett’s Berkshire Hathaway was said to be near a $9 billion deal, and hedge fund Elliott Management Corp. has also been in the mix. Bloomberg said the deal is not yet compete, but may be announced as soon as Monday. San Diego-based Sempra is apparently the mystery buyer that emerged Friday.
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From:: Stock Market News