Last time, we shared a successful deal that weathered harsh economic conditions and emerged as one of the most profitable in history.
This time, we bring to you a contrasting tale of the largest leveraged buyout (LBO) ever seen in the financial world. Conceived under the assumption that the target company's product prices would keep rising, this deal ultimately proved to be a regretful one for Warren Buffet, who wrote to Berkshire Hathaway's shareholders, "Most of you have never heard of Energy Future Holdings. Consider yourselves lucky; I certainly wish I hadn't."
Curious about the outcome? Read our story to uncover the details!
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