Quote Originally Posted by iceman View Post
Sounds like we read the same article.
I believe Berkshire can currently buy up to 50% of OXY, without any further agreement from the NYSE. So he could employ some of his cash pile there without any problems.
Yes that’s right he can go to 50% no worries.

I think he is snapping up any shares below $60. He may have even gone up to $62 from memory (no idea what his limit will be).

He also has long life warrants for another 89M shares at around $59.

So he is sitting pretty. Grab as many shares as he can at depressed prices up to 50% and then go from there.

Either an eventual takeover, or maybe he really does prefer to keep OXY as a listed company. He currently holds 27% of the shares so effectively controls the company.

Probably why Hollub flew into Omaha - to kiss the ring before finalising the CR deal.

And I do mean jewellery - not his other ring!