Warren Buffett’s Berkshire Hathaway Inc agreed to take Occidental Petroleum Corp common shares in lieu of a first quarter cash dividend, helping relieve the strain on the trouble oil giant’s balance sheet. The sale would bring in less than $250 million at Occidental’s current price. Occidental’s market value is about $12.24 billion, a fraction of what it paid for Anadarko. …read more
Source:: Yahoo Finance
