- Nov 19, 2014
- 9,337
- 15,058
So every now and then I get lucky and a prediction I make comes true. CVX just announced they will not raise their offer for APC nor counter, and just accept the ONE billion dollar break up fee and walk away. Meanwhile OXY now has to pay Buffett 800 MILLION a year in dividends, when they could have raised that 10 Billion at probably 4% interest. Anyway I expect CVX to return in a few years a snap up the combined company.