BUILDING A WAR CHEST

摘要

For those wondering what steps to take in building a war chest to fund a possible acquisition,Occidental Petroleum Corp.provided an example at EnerCom’s recent conference in Denver.In addition to an equity component of $7.4 billion,Occidental raised $31.8 billion in debt and preferred equity issues ahead of the August closing of its acquisition of Anadarko Petroleum Corp.What most would certainly find difficult to replicate: a weighted average cash cost of less than 5%.