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OMAHA, Neb. (AP) — Berkshire Hathaway is buying Occidental Petroleum’s chemical division for $9.7 billion in what may be the last big acquisition involving the consummate dealmaker, Warren Buffett.

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Berkshire Hathaway gets a strong stand-alone business, while parent Oxy will get plenty of cash to pay down debt.

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Warren Buffett's Berkshire Hathaway will acquire Occidental Petroleum's OxyChem chemicals arm for $9.7 billion. Berkshire is ...

Berkshire Hathaway is buying Occidental Petroleum’s chemical division for $9.7 billion in what may be one of the last big deals of Warren Buffett.

Here's what Berkshire Hathaway's $9.7 billion acquisition of Occidental's chemicals business means for investors.