Buffett Doesn’t Plan To Take Over Occidental ...Middle East

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Buffett Doesn’t Plan To Take Over Occidental
source : OILPRICE ( Middle East ) () 19
Berkshire Hathaway doesn’t plan, for now, to bid for a controlling stake in Occidental Petroleum, as Warren Buffett hasn’t informed the oil giant of any such plans despite gaining approval to buy up to 50% in the company, The Wall Street Journal reports, citing sources close to the situation. Since the legendary investor doesn’t like hostile takeovers, a bid for control of OXY now would be totally out of character, the Journal notes.   U.S. regulators approved on Friday Berkshire Hathaway to purchase up to 50% of the common…

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