Berkshire steps into fight for Anadarko on Occidental’s side
Warren Buffett’s Berkshire Hathaway is financing a bid by Occidental Petroleum for Anadarko, potentially upending Chevron’s $33 billion offer for the energy company. Anadarko and Chevron signed a merger agreement earlier this month, but Anadarko Petroleum said Monday that it is now considering an offer from Occidental worth about $57 billion in cash and stock.
