Berkshire Hathaway Buys Occidental's OxyChem For $9.7 Billion—Buffett's Largest Deal In Years
1. Berkshire Hathaway acquires OxyChem for $9.7 billion, its largest deal in three years. 2. Berkshire holds a 28.2% stake in Occidental, signaling deepening commitment. 3. OxyChem's income forecast was lowered by 15%, impacting future cash flow expectations. 4. The acquisition indicates a leadership transition with Greg Abel taking over soon. 5. Buffett retains involvement as chairman, suggesting continuity in investment strategy.