Home Business Warren Buffett Not Expected to Bid for Control of Occidental

Warren Buffett Not Expected to Bid for Control of Occidental

by News
84 views
warren-buffett-not-expected-to-bid-for-control-of-occidental

Warren Buffett’s bid to boost his big stake in Occidental Petroleum Corp. even further isn’t expected to serve as a prelude to a full takeover of the resurgent energy company by the widely watched billionaire, at least for now.

In a regulatory filing Friday, the Federal Energy Regulatory Commission said that Mr. Buffett’s Berkshire Hathaway Inc. had received permission to buy up to 50% of the driller’s shares. The news stoked speculation that Berkshire could be gearing up to acquire Occidental.

You may also like

Leave a Comment