Buffett’s Berkshire Hathaway to invest USD 10 billion in OXY if Anadarko bid prevails

摘要

US investment conglomerate Berkshire Hathaway is to invest USD 10 billion in Occidental Petroleum, contingent on the US shale player completing its hostile acquisition of rival Anadarko Petroleum - prompting mixed reactions from industry observers and the investor community. The investment house led and chaired by world-famous US investor Warren Buffett will receive 100,000 shares of OXY’s preferred stock with a liquidation value of USD 100,000 per share under the terms of a private offering.