Sempra Energy Buys Oncor Texas Power for $9.45 billion Eclipses Buffett’s Berkshire Hathaway

Viewing 7 posts - 1 through 7 (of 7 total)
  • Author
    Posts
  • #11317
    TradersCom
    Keymaster

    [article]154[/article]

    #11318
    TradersCom
    Keymaster

    Market Reaction

    Sempra Energy NYSE: SRE
    Aug 21, 12:56 PM EDT
    117.77 +1.22 (+1.05%)

    Berkshire Hathaway Inc. Class A NYSE: BRK.A
    Aug 21, 12:34 PM EDT
    268,065.16 +688.16 (+0.26%)

    #11367
    Helmholtz Watson
    Participant

    Eclipsing Buffett great headline and good to see the money making assets shared around. He has managed to get too many of these assets on the cheap before without recourse.

    #11368
    Helmholtz Watson
    Participant

    On a positive note for Buffett and Berkshire their credit rating went up today now that they have pulled out and aren’t borrowing $9 billion.

    #13867
    ThePitBoss
    Participant

    Oncor and Sempra Energy Secure FERC Approval

    Sempra Energy’s acquisition of Energy Future Holdings Corp. (EFH), the indirect owner of approximately 80 percent of Oncor.

    On Aug. 21, Sempra Energy entered into an agreement to acquire EFH. In September, the U.S. Bankruptcy Court for the District of Delaware approved EFH’s entry into the merger agreement with Sempra Energy and, on Oct. 5, Sempra Energy and Oncor filed a joint Change-in-Control application with the Public Utility Commission of Texas (PUCT). On Oct. 16, the PUCT set a procedural schedule to complete a review of Sempra Energy’s and Oncor’s case within 180 days, by early April 2018.
    The EFH transaction closing remains subject to further approvals by the U.S. Bankruptcy Court and the PUCT, among other approvals and closing conditions. For more information about the transaction, visit oncor-sempra.com.

    #14098
    ThePitBoss
    Participant

    Sempra Energy $SRE downgraded to Neutral from Buy with a $112 price objective at Merrill Lynch.

    After being down 4.5% premarket Sempra Energy $SRE closed on the NYSE: SRE · December 22 108.31 ▲ 1.40 (1.31%)

    #14122
    MoneyNeverSleeps
    Participant

    Pullback look to get the dividend here

Viewing 7 posts - 1 through 7 (of 7 total)
  • You must be logged in to reply to this topic.