(Bloomberg) — Occidental Petroleum Corp., the oil producer that earlier this year slashed its dividend to a penny per share, plans to issue roughly 113 million warrants to holders of its common shares.Investors will get an eighth of a warrant for every share held and each warrant will entitle them to purchase one share at $22, the Houston-based company said in a statement. The stock closed Friday at $17.69.The move won the support of one the company’s largest investor, Carl Icahn. “I am glad that at this juncture the entire board as well as management is committed to enhancing stockholder …read more
Source:: Yahoo Finance
