Deals Rumor Mill: Occidental, Vodafone, Carlyle

Law360, New York (September 13, 2013, 2:01 PM EDT) -- Occidental Petroleum Corp. is scouting suitors for a minority stake in its Middle East operations that could be worth as much as $8 billion, sources told Bloomberg on Friday. The California company — the biggest oil producer in the U.S. — has kicked off discussions with a smattering of sovereign wealth funds and prospective strategic partners that are interested in the 40 percent slice. Occidental CEO Stephen Chazen, who is handling negotiations himself, is trying to cut down his company's dependence on its $20 billion Middle...
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