Warren Buffett Might Have Been Outbid for Oncor, But He'll Walk Away With $270 Million Breakup Fee

Warren Buffett is getting oohs and aahs for bagging a $270 million breakup fee after his Berkshire Hathaway Energy was outbid for Oncor by Sempra Energy, which won the company with a $9.45 billion offer.Buffett -- true to form -- refused to budge from his initial offer, an all-cash $9 billion bid for the Dallas-based power transmission firm that serves 10 million customers. Oncor is a unit of Energy Future Holdings, which has spent three years in bankruptcy proceedings.  Continue reading...