Buffett’s Berkshire Hathaway wins OK to buy 50% Occidental stake
A U.S. energy regulator on Friday gave Berkshire Hathaway Inc (BRKa.N), the company controlled by billionaire Warren Buffett, permission to buy up to 50% of oil company Occidental Petroleum Corp’s (OXY.N) common stock. Occidental’s share price soared 9.9%, closing up $6.41 at $71.29, after the Federal Energy Regulatory Commission (FERC) said letting Berkshire add to […]
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