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.
LFKinn 📈
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: