Buffett nears $10 billion deal to buy OxyChem

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<h2>Buffett</h2> <p> nears $10 billion deal to buy OxyChem” title=”Warren Buffett” decoding=”async” fetchpriority=”high”/></p></div> </div> </div> </section> </div></div> </div> <p>Warren Buffett’s Berkshire Hathaway is nearing a deal to acquire Occidental Petroleum’s petrochemical business for about $10 billion, a person familiar with the matter said.</p> <p>It would be Berkshire’s largest deal since its acquisition of Alleghany in 2022 for $13.7 billion.<!-- --> Representatives for Occidental and Berkshire didn’t reply to messages seeking comment.</p> <p>Wall Street Journal first reported on the potential deal.<span class=After years spent refraining from large deals and progressively unwinding big holdings like his stake in Apple, Buffett appears to be back on the offensive.

The 95-year-old CEO, set to leave that role at the end of the year, placed a $1.6-billion bet on UnitedHealth Group in recent months.

Still, the conglomerate’s cash pile totaled $344 billion at the end of June, close to a record.

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