Berkshire Hathaway buying OxyChem for $9.7B — could be Warren Buffett's last big deal
1. Berkshire Hathaway buys Occidental Petroleum's chemical division for $9.7 billion. 2. This acquisition may mark Warren Buffett's last major deal. 3. Buffett's focus on cash reserves indicates challenges in finding attractive acquisitions. 4. OxyChem's earnings fell to $213 million in Q2, down from nearly $300 million. 5. Deal closing expected in Q4 strengthens Berkshire's position in chemicals.