LOS ANGELES (dpa-AFX) - Berkshire Hathaway Inc. (BRK) said on Thursday that it has inked a deal to buy OxyChem, a chemical business of Occidental Petroleum Corporation (OXY) for $9.7 billion in cash.
The transaction is expected to be closed in the fourth quarter of 2025.
OxyChem is a maker of commodity chemicals vital to quality of life, with applications in water treatment, pharmaceuticals, healthcare and commercial, and residential development.
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