Berkshire Hathaway to acquire OxyChem for $9.7 billion: Last major deal under Warren Buffett's leadership? What we know
Berkshire Hathaway to acquire OxyChem for $9.7 billion: Last major deal under Warren Buffett's leadership? What we know
Berkshire Hathaway is acquiring Occidental Petroleum's OxyChem division for $9.7 billion, a major deal potentially preceding Warren Buffett's retirement as CEO, with Greg Abel assuming leadership. This acquisition helps Occidental significantly reduce debt and strategically expands Berkshire's chemical portfolio, complementing its existing Lubrizol subsidiary. The transaction is set to conclude in the fourth quarter.
Berkshire Hathaway is acquiring Occidental Petroleum's OxyChem division for $9.7 billion, a major deal potentially preceding Warren Buffett's retirement as CEO, with Greg Abel assuming leadership. This acquisition helps Occidental significantly reduce debt and strategically expands Berkshire's chemical portfolio, complementing its existing Lubrizol subsidiary. The transaction is set to conclude in the fourth quarter.
Berkshire Hathaway is acquiring Occidental Petroleum's OxyChem division for $9.7 billion, a major deal potentially preceding Warren Buffett's retirement as CEO, with Greg Abel assuming leadership. This acquisition helps Occidental significantly reduce debt and strategically expands Berkshire's chemical portfolio, complementing its existing Lubrizol subsidiary. The transaction is set to conclude in the fourth quarter. 
