By Scott Deveau, Noah Buhayar and Matthew Monks
The year isn’t shaping up to be the stuff of Warren Buffett dealmaking legend.
Buffett’s US$9 billion bid to acquire Oncor Electric Delivery Co. started to unravel last week after Paul Singer’s Elliott Management Corp. outmaneuvered the Oracle of Omaha by acquiring a small parcel of unsecured debt. That opened a window for Sempra Energy to swoop in and strike a deal to acquire the Texas utility.
The loss comes six months after another...