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Mystery Bidder Enters InfraREIT Fray

Nov 26, 2018 - Power, Finance and Risk

An unnamed bidder is challenging Oncor Electric Delivery Company's bid for InfraREIT, causing deal watchers to try to narrow down the identity of the mystery bidder.

Oncor recently agreed to buy Hunt Consolidated's publicly listed InfraREIT for about $1.275 billion, plus the assumption of $945 million of debt, in a complex transaction that is expected to close by mid-2019, subject to regulatory and stockholder approvals (PFR, 10/19).

Although InfraREIT's board of directors and confli...