Berkshire Buying Occidental's Chemical Unit in $9.7 Billion Deal

Berkshire Hathaway is ready to make its biggest acquisition in three years. The company reaching a deal to buy Occidental Petroleum's Chemicals unit for about $9.7% billion in an all cash deal. For more on this M&A, we're joined by Bloomberg Intelligence senior analyst Matthew Palazzolo.And Matt. It's interesting because they already own a massive stake in the parent company, Oxy, I think like 27%. Right.Yeah. So they own about $11 billion worth of oxy stock. I think it's a good deal, Matt, for for both the ...