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Chemical Business

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business3 months ago•2 min saved

Berkshire Hathaway Nears $10 Billion Deal for Occidental's Petrochemical Unit

Berkshire Hathaway is acquiring Occidental Petroleum's petrochemical unit, OxyChem, for $9.7 billion in cash, marking Berkshire's largest purchase since 2022, with the deal expected to close in Q4 and proceeds used by Occidental to reduce debt.

via Bloomberg.com|

#acquisition #berkshire-hathaway #business

business3 months ago•4 min saved

Berkshire Hathaway Nears $10 Billion Deal to Acquire Occidental's OxyChem Unit

Berkshire Hathaway is in talks to acquire Occidental Petroleum's petrochemical business for $10 billion, a move that could benefit Buffett by acquiring a depressed but potentially growing asset at a reasonable price, while helping Occidental reduce its substantial debt load.

via Barron's|

#acquisition #berkshire-hathaway #business