Finance & Investing | Private Equity | Deals - Acquisition, Mergers, Divestitures | Capital Markets
CrownRock Wasted No Time Sellling Oxy Shares It Acquired
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Crown Rock Holding is selling 29.6 million shares of Oxy worth $1.7 billion it acquired as part of the $12 billion deal Oxy signed when it acquired the company.
CrownRock Holdings owns the general partner that owned CrownRock, LP, according to regulatory filings. It was formed by Dunn and Lime Rock Partners, a private equity firm.
Occidental isn’t offering any shares of common stock as part of CrownRock’s offering, according to the statement.
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