REUTERS/Chip East
- Carl Icahn blasted Occidental Petroleum's financing deal with Warren Buffett once again after the oil refiner paid its dividend to Berkshire Hathaway in stock this month.
- "I can't argue with you that it was one of the most ridiculous deals that I've ever seen," the billionaire investor said in a recent Bloomberg Television interview.
- Occidental gave $10 billion in preferred shares paying an 8% dividend and about $1.2 billion worth of stock warrants to Berkshire last year, in exchange for help in financing its takeover of Anadarko Petroleum.
- "The Buffett deal was like taking candy from a baby," Icahn told his shareholders at the time.
- Visit Business Insider's homepage for more stories.
Carl Icahn slammed Occidental Petroleum's infamous deal with Warren Buffett yet again after the oil refiner paid its dividend to Berkshire Hathaway using shares this month.
"The company is so cash-strapped that it's having to pay Warren Buffett in stock effectively for the financing deal that you opposed," host Erik Schatzker told Icahn in a recent Bloomberg Television interview. "That must make you boiling mad."
See the rest of the story at Business Insider
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