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Berkshire Hathaway in Talks to Buy Occidental’s Chemicals Business

Berkshire Hathaway is negotiating the acquisition of the petrochemicals business of Occidental Petroleum in a deal that could fetch 10billionfortheoilmajor,theWallStreetJournalhasreported,citingunnamedpeoplefamiliarwiththetalks.Accordingtothesepeople,thedealcouldcloseinafewdays,withWSJnotingthatifclosed,thedealwouldbeBerkshireHathawayslargestacquisitionsince2022,whenitpaid10 billion for the oil major, the Wall Street Journal has reported, citing unnamed people familiar with the talks. According to these people, the deal could close in a few days, with WSJ noting that if closed, the deal would be Berkshire Hathaway’s largest acquisition since 2022, when it paid 11.6 billion for insurance company Alleghany. Warren Buffett’s investment company ...