In Berkshire Rivalry, Elliott Deploys Texas Charm Offensive

While Elliott Management Corp. tries to cobble together enough money to beat Berkshire Hathaway Inc.'s $9 billion bid to buy one of America's largest transmission operators, it has another problem to deal with: the state of Texas. The New York hedge fund run by billionaire Paul Singer is trying to convince Texas stakeholders that its deal to buy their biggest power distributor, Oncor Electric Delivery Co., will be superior to Berkshire's.

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