Link Copied

Warren Buffett famously avoids bidding wars. Here are 4 deals he's missed out on because of that approach.

1. Tech Data

1. Tech Data

Time of Berkshire Hathaway bid: November 2019

Berkshire Hathaway bid: $5 billion, or $140 per share

Company that outbid: Apollo Global Management

Winning bid: $5.14 billion, or $145 per share

Source: CNBC

Share Slide

2. Oncor Electric Delivery

2. Oncor Electric Delivery

Time of Berkshire Hathaway bid: July 2017

Berkshire Hathaway bid: $9 billion

Company that outbid: Sempra Energy

Winning bid: $9.45 billion

Source: Business Insider

Share Slide

3. NYSE Euronext

3. NYSE Euronext

Time of Berkshire Hathaway bid: Late 2012

Berkshire Hathaway bid: Undisclosed

Company that outbid: Intercontinental Exchange

Winning bid: $8.2 billion

Source: CNBC

Share Slide

4. Constellation Energy

4. Constellation Energy

Time of Berkshire Hathaway bid: September 2008

Berkshire Hathaway bid: $4.7 billion for 100%

Company that outbid: Électricité de France SA

Winning bid: $4.5 billion for 49.9% stake

Sources: CNBC and The Wall Street Journal

Share Slide
More from our Partners