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Non-Tech : Berkshire Hathaway Class B
BRK.B 276.69-1.9%Nov 30 4:04 PM EST

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From: JakeStraw4/30/2019 8:54:37 AM
   of 1652
Buffett’s Berkshire Hathaway to invest $10 billion in Occidental Petroleum for Anadarko takeover
Here’s how the deal is structured:

Berkshire will receive 100,000 shares of cumulative perpetual preferred stock with a value of $100,000 a share.

The conglomerate also gets a warrant to purchase up to 80 million shares of Occidental at an exercise price of $62.50 a share.

The preferred stock will accrue dividends at 8% annually.
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