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Buffett Says Bank of America CEO Was Matchmaker on Occidental Deal

Warren Buffett
Warren BuffettPhotographer: Scott Eells/Bloomberg

Warren Buffett said it was a phone call from Bank of America Corp.’s chief executive officer that sparked his $10 billion investment in Occidental Petroleum Corp.

“Last Friday, I got a call in the middle of the afternoon from Brian Moynihan, the CEO of Bank of America, and he said that they were involved in financing the Occidental deal and that the Occidental people would like to talk to me,” Buffett said in a CNBC interview aired Friday.