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Occidental Petroleum | 8-K: Occidental Petroleum Corporation Entered into a Partnership Interest Purchase Agreement with Crownrock Holdings, L.P.

SEC announcement ·  Jan 22 00:00
Summary by Moomoo AI
Occidental Petroleum Corporation reported on January 19, 2024, that it had received a request for additional information from the Federal Trade Commission (FTC) regarding its planned acquisition of CrownRock, L.P. This request, known as a Second Request, extends the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 until 30 days after Occidental and the sellers have complied, unless the FTC terminates the period sooner. The acquisition, initially disclosed on December 10, 2023, involves Occidental purchasing all issued and outstanding partner interests of CrownRock from CrownRock Holdings, L.P., and CrownRock GP, LLC. The completion of the transaction is subject to regulatory approvals and other conditions. Occidental continues to work with the FTC to address the inquiries related to the acquisition.
Occidental Petroleum Corporation reported on January 19, 2024, that it had received a request for additional information from the Federal Trade Commission (FTC) regarding its planned acquisition of CrownRock, L.P. This request, known as a Second Request, extends the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 until 30 days after Occidental and the sellers have complied, unless the FTC terminates the period sooner. The acquisition, initially disclosed on December 10, 2023, involves Occidental purchasing all issued and outstanding partner interests of CrownRock from CrownRock Holdings, L.P., and CrownRock GP, LLC. The completion of the transaction is subject to regulatory approvals and other conditions. Occidental continues to work with the FTC to address the inquiries related to the acquisition.
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