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OxyChem
since
auto-detected in 5 stories
6 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.
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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