Buffett Gave Shareholders Something to Ask Him About: A Big Deal
- Annual meeting sure to buzz over $10 billion Occidental pact
- Investors likely to ask about cash pile, succession, buybacks
Warren Buffett
Photographer: Andrew Harrer/Bloomberg
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The bank of Warren Buffett is open for business again, just in time for his annual meeting with shareholders.
Thousands are expected to flock to Omaha, Nebraska, for Berkshire Hathaway Inc.’s annual meeting on Saturday, days after Buffett’s company agreed to invest $10 billion in Occidental Petroleum Corp. in a deal that Bank of America Corp.’s Brian Moynihan helped facilitate. The transaction, which hinges on Occidental winning its fight to buy Anadarko Petroleum Corp., would give Berkshire preferred stock and warrants.