Warren Buffett‘s Berkshire Hathaway Inc. (NYSE:BRK) (NYSE:BRK) announced Thursday it reached a deal to buy Occidental Petroleum’s (NYSE:OXY) petrochemical unit, OxyChem, for $9.7 billion in cash.
Shares of Occidental rose 1.7% to $48.54 in premarket trading.
Berkshire is already a major investor in Occidental, holding a 28.2% stake as of the end of June. This deal would mark Berkshire’s largest since 2022, when it paid $11.6 billion for insurer Alleghany.
Read also: Why Buffett Is Splurging $10 Billion On OxyChem, Which Has Just $5 Billion In Revenue
OxyChem produces critical …
Full story available on Benzinga.com
Warren Buffett‘s Berkshire Hathaway Inc. (NYSE:BRK) (NYSE:BRK) announced Thursday it reached a deal to buy Occidental Petroleum’s (NYSE:OXY) petrochemical unit, OxyChem, for $9.7 billion in cash.
Shares of Occidental rose 1.7% to $48.54 in premarket trading.
Berkshire is already a major investor in Occidental, holding a 28.2% stake as of the end of June. This deal would mark Berkshire’s largest since 2022, when it paid $11.6 billion for insurer Alleghany.
Read also: Why Buffett Is Splurging $10 Billion On OxyChem, Which Has Just $5 Billion In Revenue
OxyChem produces critical …
Full story available on Benzinga.com
Warren Buffett’s Berkshire Hathaway Inc. (NYSE:BRK) (NYSE:BRK) announced Thursday it reached a deal to buy Occidental Petroleum’s (NYSE:OXY) petrochemical unit, OxyChem, for $9.7 billion in cash.
Shares of Occidental rose 1.7% to $48.54 in premarket trading.
Berkshire is already a major investor in Occidental, holding a 28.2% stake as of the end of June. This deal would mark Berkshire’s largest since 2022, when it paid $11.6 billion for insurer Alleghany.
Read also: Why Buffett Is Splurging $10 Billion On OxyChem, Which Has Just $5 Billion In Revenue
OxyChem produces critical …Full story available on Benzinga.com Read MoreBRK, Equities, News, OXY, Warren Buffett, Markets, OXY, US6745991058, BRK, News, Equities, Markets, Benzinga Markets
