Buffett's Berkshire Hathaway to invest $10 billion in Occidental Petroleum for Anadarko takeover

Berkshire will recieve 100,000 shares of cumulative perpetual preferred stock with a value of $100,000 a share.

The conglomerate also gets a warrant to purchase up to 80 million shares of Occidental at an exercise price of $62.50 a share.

The preferred stock will accrue dividends at 8% annually.

https://www.cnbc.com/2019/04/30/buffetts-berkshire-hathaway-to-invest-10-billion-in-occidental-petroleum-for-anadarko-takeover.html

Submitted April 30, 2019 at 08:50AM by pipsdontsqueak http://bit.ly/2J4w2Jh