Buffett Cleared to Acquire Up to Half of Oxy

摘要

Warren Buffett’s Berkshire Hathaway Orm received federal approval last week to acquire up to half of the common stock of Occidental Petroleum, adding fuel to market speculation that the billionaire investor plans to take over the oil giant. In an order issued Friday, the Federal Energy Regulatory Commission (FERC) agreed with Berkshire’s statements that the acquisition is in the public interest. The agency had already authorized Berkshire to acquire up to 25 of Occidental earlier this year.