Berkshire Hathaway (BRK.A, BRK.B) is reportedly close to a $10 billion deal to buy the petrochemical division of Occidental Petroleum (OXY), in what would be the largest deal by Warren Buffett's cong
CNBC's Becky Quick reports on the latest news.
For the better part of six decades, Berkshire Hathaway (BRK.A 0.65%) (BRK.B 0.71%) CEO Warren Buffett has been crushing Wall Street's benchmark index, the S&P 500, in the return column. As of midday o
Berkshire is in talks to buy Occidental's chemicals business for $10 billion. A deal would come as a surprise for markets, analysts say.
Berkshire Hathaway, Inc. (NYSE:BRK) (NYSE:BRK) is in talks to acquire Occidental Petroleum Corp.‘s (NYSE:OXY) chemical unit, OxyChem, in a deal valued at roughly $10 billion.
The potential deal, which could finalize within days per the Journal, could be Berkshire's largest since 2022 when it bought Alleghany for $11.6 billion.
Berkshire Hathaway is in talks to buy Occidental Petroleum's petrochemical unit for about $10 billion, the Wall Street Journal reported on Tuesday citing people familiar with the matter.
Warren Buffett's sprawling conglomerate could unveil its largest deal in years in the coming days.

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