in the company to help fund its proposed acquisition of Anadarko. Berkshire would make the investment by purchasing 100,000 shares of preferred stock, which pays out an 8% annual dividend.. However, the "Oracle of Omaha" doesn't consider it to be a hostile deal because Anadarko wants to sell its properties.
When asked about why he didn't buy Anadarko outright, Buffett said he's not an expert on the oil industry.
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