Warren Buffett’s bid to enhance his huge stake in Occidental Petroleum even extra isn’t anticipated to carry out a prelude to a full takeover of the resurgent power agency by the extensively watched billionaire, at the least for now.
In a regulatory submitting Friday, the Federal power Regulatory fee said that Mr. Buffett’s Berkshire Hathaway had obtained permission to buy as a lot as 50% of the driller’s shares. The information stoked hypothesis that Berkshire may presumably be gearing as a lot as buy Occidental.
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