Warren Buffett was willing to offer double what he eventually committed to help Occidental Petroleum acquire Anadarko Petroleum, sources say.
chairman and CEO is also receiving a $50 million signing fee as part of his company's $10 billion investment in Occidental, sources said.in the company to help fund its proposed acquisition of Anadarko. Berkshire would make the investment by purchasing 100,000 shares of preferred stock, which pays out an 8% annual dividend.
Buffett's investment is contingent on Occidental striking a deal to buy Anadarko, which has an agreement in place to be bought byIn a CNBC interview that aired Friday, Buffett revealed that the deal with Occidental
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