Occidental Petroleum Offers Reduced Exercise Price for Warrants

MT Newswires Live
03 Mar

Occidental Petroleum (OXY) said Monday that holders of its outstanding publicly traded warrants can purchase shares at a temporarily reduced exercise price of $21.30 per warrant, instead of the original price of $22.00.

The offer is set to expire on March 31, the company said.

If all warrants are exercised at the reduced price, Occidental said it would receive gross proceeds of around $1.6 billion.

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