Heard on the Street: Warren Buffett knows a good deal when he sees one
Warren Buffett knows a good deal when he sees one. The Sage of Omaha’s Berkshire Hathaway is shelling out $10 billion to Occidental Petroleum to help its takeover efforts for Anadarko Petroleum.
The investment comes at a hefty price, leaving Occidental shareholders at risk of taking a hit on a deal that is no bargain. In shale-patch poker match, though, Berkshire’s investment could become Occidental Chief Executive Vicki Hollub’s ace.
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