Buffett's Berkshire Hathaway drops USD 10 billion bomb into Anadarko battle
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In a stunning escalation of the two-week-old contest for oil company Anadarko, Buffett's Berkshire Hathaway Inc. on Tuesday disclosed plans to inject USD 10 billion into Occidental in exchange for preferred stock and warrants. The bombshell landed in the midst of Anadarko board deliberations about whether Occidental's offer is superior to a lower but already agreed-to deal with Chevron Corp.
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