Berkshire Hathaway Inc. (NYSE:BRK-B) is one of the 10 Most Profitable Stocks of the Last 5 Years. On October 2, Berkshire Hathaway Inc. (NYSE:BRK-B) announced that it has entered a definitive agreement to acquire Occidental’s chemical business, OxyChem.
According to the report by Berkshire Hathaway Inc. (NYSE:BRK-B), this deal has an all-cash transaction value of $9.7 billion and is expected to be concluded in the fourth quarter of 2025.
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OxyChem manufactures essential commodity chemicals that are used in areas like water treatment, pharmaceuticals, healthcare, and both commercial and residential development.
Through this acquisition, Berkshire Hathaway Inc. (NYSE:BRK-B) will get a strong set of operating assets, which are supported by an experienced and skilled team. OxyChem will become an operating subsidiary within Berkshire Hathaway Inc. (NYSE:BRK-B)
Berkshire Hathaway Inc. (NYSE:BRK-B) is an American multinational company that is engaged in a wide range of businesses including insurance and reinsurance, utilities and energy, freight rail transportation, manufacturing, services, and retailing.
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Disclosure: None. This article is originally published at Insider Monkey.
