Tue, 21-Oct-2025

Berkshire Hathaway owns 19.2% of Occidental Petroleum

Berkshire Hathaway

Berkshire Hathaway said it has this week purchased another 4.3 million shares of Occidental Petroleum Corp. The purchases give it a 19.2% stake in the oil company. Some analysts have speculated that Berkshire could buy all of the Houston-based company. Berkshire Hathaway Inc (BRKa.N), shown to very rich person Warren Buffett, said it has this … Read more

Bill Ackman will close SPAC and give investors $4 billion

Bill Ackman

William Ackman’s Pershing Square Tontine raised $4 billion. Failed to find a suitable target company to take public. U.S. Securities and Exchange Commission objected to the planning. To take a stake in Universal Music Group, which was being spun off by Vivendi. Bill Ackman, who had raised the greatest ever specific reason securing organization (SPAC), … Read more