Berkshire Hathaway to buy Occidental’s OxyChem for $9.7 billion

All right, a news alert. It is official. Berkshire Hathway announcing that it is acquiring Accidental's chemical business, Oxymp.This is an allcash deal. That transaction is valued at $9.7% billion. Accidental has been looking for ways to bring down debt.They have current debt load of about $22 billion. They have stated that they'd like to get down to $15 billion. Bergkshire Hathaway is the largest shareholder in Accidental and this is a separate deal where they'll be spending off that Oxy Chem and taking c ...