Why Warren Buffett’s Berkshire Hathaway may be placing another bet in petrochemicals

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Warren Buffett’s Berkshire Hathaway Inc. is the suitor for Occidental Petroleum Corp.’s petrochemicals business, according to

a Wall Street Journal report late Tuesday.

Berkshire BRK.A BRK.B would buy OxyChem, as the business is known, for about $10 billion in a deal that could materialize in days, the report said, citing people familiar with the matter.

This post was originally published on Market Watch

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