Occidental warns shareholders against TRC Capital mini-tender offer at 4.45% discount

OCCIDENTAL PETROLEUM CORP /DE/

TRC Capital offers to buy up to 2M shares (0.2% outstanding) at $51.51, a 4.45% discount to $53.91 close.
Occidental does not endorse the offer and notes its below-market price and numerous conditions.
Shareholders can withdraw tendered shares before expiration at 11:59 p.m. ET on Nov 12, 2024.
SEC has warned about mini-tender offers that seek less than 5% to avoid disclosure rules.

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