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!
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