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Berkshire Hathaway, led by Warren Buffett, agrees to acquire the parent company of Oncor Electric Delivery, a major power transmission company in Texas, for $9 billion. The deal, subject to regulatory and bankruptcy court approval, would allow Berkshire Hathaway Energy to assume control of one of the largest electricity transmission firms in the United States. Buffett considers infrastructure investments as favorable long-term opportunities.
Thursday, 6 July, 2017