Berkshire Wins FERC approval to Buy 50% of $OXY, Hoenig on CBDCs, Safety of Nuclear Power, Sloan on Automobile Distribution
Berkshire will likely exercise warrants, strike around $59, before buying at $70.
Yes, up to $5 billion can be deployed at $59.42.
My question is why buy bits and pieces of OXY before making an offer to acquire it outright, but with Y he makes an offer right away. Hmm...
If he does eventually try to buy the entire company, it would resemble what happened with BNSF in 2006-08. I was just looking at that recently. Went past 20% in Q4 2008, adopted equity method, and made offer in 2009.
Thanks for the link and feature!
Berkshire will likely exercise warrants, strike around $59, before buying at $70.
Yes, up to $5 billion can be deployed at $59.42.
My question is why buy bits and pieces of OXY before making an offer to acquire it outright, but with Y he makes an offer right away. Hmm...
If he does eventually try to buy the entire company, it would resemble what happened with BNSF in 2006-08. I was just looking at that recently. Went past 20% in Q4 2008, adopted equity method, and made offer in 2009.
Thanks for the link and feature!