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Warren Buffett is reportedly eyeing Berkshire Hathaway's biggest deal in three years

1. Berkshire Hathaway eyes $10 billion acquisition of Occidental's OxyChem unit. 2. Buffett's potential deal could be Berkshire's largest since 2022. 3. Berkshire holds a significant 28.2% stake in Occidental. 4. Buffett, 95, will remain Chairman but step down as CEO at 2025's end. 5. Occidental's stock dropped 1.8% despite the acquisition news.

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FAQ

Why Bullish?

The acquisition enhances Berkshire's energy portfolio and leverages strong cash reserves. Previous large investments in Occidental have resulted in notable returns.

How important is it?

The potential acquisition will likely enhance the value of Berkshire's energy segment, positively impacting investor sentiment.

Why Long Term?

The acquisition may stimulate sustained growth and profitability in the energy sector, impacting stock performance over the long haul.

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