Buffett’s Berkshire Hathaway Wins OK to Buy 50% Occidental Stake
Occidental’s stock price shot up 9.9%, closing $6.41 at $71.29, after the Federal Energy Regulatory Commission (FERC) said letting Berkshire add to its 20.2% stake “was consistent.” with the public interest”. Berkshire had filed to increase its stake on July 11, saying it would not harm competition, undermine the regulatory authority or increase costs for …
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