EFH Judge Wants Only 'Ready To Go' Berkshire-Beating Bids

Law360, Wilmington (August 7, 2017, 7:26 PM EDT) -- The Delaware bankruptcy judge presiding over Energy Future Holdings Corp.’s Chapter 11 said Monday he would be highly unlikely to approve any topping bid to Berkshire Hathaway’s $9.1 billion offer unless the bid is committed and “ready to go” when he considers the debtor’s sale motion.

Speaking during a hearing in Wilmington, U.S. Bankruptcy Judge Christopher S. Sontchi said he would be willing to hear any challenge to the Berkshire Hathaway bid, but wanted to be “crystal clear” that simply saying a suitor is close to...
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