Berkshire’s $9.7 Billion Purchase of OxyChem from Occidental Petroleum

I am quoted in this article:

David Kass, a finance professor at the University of Maryland and longtime Buffett blogger, said the 7% slump in Occidental stock after news of the deal broke suggested Berkshire had secured “extremely favorable terms.”

Kass called OxyChem a “fitting final deal” for Buffett, as he struck the 2019 financing agreement and made Occidental one of Berkshire’s largest holdings. He added that Buffett’s first stock purchase, at age 11, was Cities Service Preferred, an oil company that Occidental later acquired in 1982.