Occidental Reports Results of Offer to Exercise Warrants

MT Newswires Live

04/01

Occidental (OXY) reported Tuesday the results of an offer to exercise its warrants at a temporarily reduced price of $21.30 per warrant.

The offer expired on Monday with about 41.9 million warrants that were tendered, the energy company said.

Occidental said it will issue about 41.9 million shares and receive $891.9 million of proceeds related to the warrants exercised.

Shares were down 0.3% in recent trading.

Price: 49.22, Change: -0.14, Percent Change: -0.28

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