Deals
Carl Icahn Has Built a Small Position in Occidental
- Activist investor hasn’t decided whether to push for changes
- Stake could set up battle of the billionaires with Buffett
Carl Icahn
Photographer: Victor J. Blue/Bloomberg
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Activist investor Carl Icahn has built a small position in Occidental Petroleum Corp. as the oil producer tussles to win a bidding war for Anadarko Petroleum Corp., according to people familiar with the matter.
Icahn hasn’t yet decided whether to push for any changes at the company, said the people, who asked not to be identified as the details aren’t public. The billionaire investor would like to see Occidental’s $37 billion offer for Anadarko go to a shareholder vote if it’s accepted, they said.