No. of Recommendations: 5
brknut:
“turning liquid into illiquid assets” which they are rather fond of doing. With the usual tax-freeness.
nola:
I would expect it to be a cash deal but what do I know.
I think you are saying the same thing.
But in this case, Berkshire doesn't need the tax shield, given the fact that its OXY position is way underwater anyways. Which would explain why the FT thinks this would be a cash deal: "Berkshire does not plan to pay for OxyChem using Occidental stock, the Financial Times reported separately on Tuesday, citing a person familiar with the matter."
dtb
