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-0.000159633906241692 0.00138349385409456 0.0022880859894642 0.00186239557281964 0.00542755281221737 0.00415048156228384 0.000957803437450151 0.00300271377640612
Stock impact report

CORRECTED-UPDATE 1-Berkshire Hathaway to take Occidental shares instead of cash dividends [Reuters (UK)]

Berkshire Hathaway Inc. New (BRK.B) 
Last berkshire hathaway inc. new earnings: 11/2 07:00 am Check Earnings Report
US:NYSE Investor Relations: berkshirehathaway.com
Company Research Source: Reuters
Berkshire Hathaway to take Occidental shares instead of cash dividends - Reuters 2 Min Read HOUSTON (Reuters) - 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. However, Berkshire can immediately sell the shares, according to a regulatory filing on Wednesday, but has not indicated its intent. A sale would bring in less than $250 million at Occidental's current price. bit.ly/2VbgJUU ) The stock was off 8% at $13.67 in early trading on Wednesday and are trading 68% below where they sold at the start of the year. Occidental’s market value is about $12.24 billion, a fraction of what it paid for Anadarko. Berkshire last year bought $10 billion worth of Occidental’s preferred shares to help finance its $38 billion acquisition of Anadarko Petroleum. A bet on rising shale oil prices, the deal came just months ahead of the worst oil-price Show less Read more
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