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OxyChem
since
auto-detected in 5 stories
4 months ago
The transaction reflects Buffett's investment acumen: buying a good business at an attractive price, while skirting the possibility of costly headaches.
Warren Buffett Watch: His last big deal as Berkshire CEO before Abel takes over? ○
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Berkshire Hathaway has a deal to pay $9.7 billion in cash to buy OxyChem, Occidental Petroleum's chemical business.
Berkshire’s Abel seals first deal as CEO-elect with $10bn OxyChem purchase ○
All-cash transaction will help Houston-based oil and gas group pay down debt
Berkshire Hathaway to buy Occidental's OxyChem for $9.7 billion, in Buffett's biggest deal in three years ⊕
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Warren Buffett is staying active even as he gets ready to hand over the CEO reins at the end of this year.
5 months ago
Occidental Petroleum in talks to sell OxyChem unit for at least $10bn ○
Deal would carve out one of the world’s largest standalone petrochemicals units
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