Berkshire To Make $10 Billion Investment In Occidental To Finance Anadarko Bid

Berkshire Hathaway Inc. has agreed to make a $10 billion equity investment in Occidental Petroleum Corp., a bid to help the oil company complete its proposed acquisition of Anadarko Petroleum Corp.

In return for the investment, Berkshire will receive 100,000 shares of preferred stock, according to a statement from Occidental. The preferred stock will generated dividends at 8% a year.

to be sold at pilot flying j truck stops no doubt. I hate when people make decisions on our behalf

Thanksgiving Days for your family

Gheeze, this is a new low for Buffet helping a questionable company out like this. I have lost all respect.

Greetings I will have look at the bid being offered for anadarko,Shell US is not on offer.

The prized Anadarko asset are hundreds of thousands of acres of shale oil leases in the Permian Basin in West Texas. Anadarko has declining oil & gas producing assets in the offshore Gulf of Mexico, but the prize are the leases in West Texas.

Why doesn’t he take that 10 billion and invest it in government? Because he’s smart and knows the government is wasteful and that’d be a really stupid thing to do.

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Aurora Cannabis enters license deal with EnWave, and makes C$10 million equity investment withAurora Cannabis Inc. said Friday it has entered into a royalty-bearing licensing deal with EnWave Corp. for the exclusive rights to EnWave's Radiant Energy...
Source: MarketWatch - 🏆 3. / 97 Read more »

Meet Vladimir Potanin, the richest man in Russia, who made his $22 billion fortune in the nickel industry, has owned at least 3 yachts, and plays ice hockey with Vladimir PutinThe Russian businessman has owned at least 3 luxury yachts, spent $10 million on his daughter's wedding, and plays ice hockey with Vladimir Putin. Both Potanin x Putin - they should collab on a Russian music video together while riding their horses and yachts. They is part of the privileged caste of the former Soviet Union that after the alleged redemocratization of Russia, they seized power as Putin or enriched with the money of the people and the former communist state.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Ford's earnings proved the automaker's risky bets are paying off — and investors are buying inFor the last several years it seemed like Ford could do nothing right, but despite a steep decline in first-quarter profits, investors are turning upbeat on the second-largest domestic automaker, sending Ford shares soaring past the $10 mark for the first time since last August.
Source: CNBC - 🏆 12. / 72 Read more »