Jul

Elliott Hedge Fund Seeks to Challenge Buffett’s Bid for Energy Company

The hedge fund Elliott Management is hoping to block Warren E. Buffett’s $9 billion takeover bid for Energy Future Holdings, the bankrupt Texas power giant, by working on an even higher offer.

Elliott, the biggest creditor to Energy Future, on Monday published correspondence with the utility operator that included descriptions of an alternative takeover bid that it was working on, which carried a price of about $9.3 billion…

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Elliott Hedge Fund Seeks to Challenge Buffett’s Bid for Energy Company

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