No. of Recommendations: 1
Occidental today announced an offer to exercise its outstanding publicly traded warrants (the “Warrants”) at a temporarily reduced price (the “Offer”).
The Offer is available to holders of the Warrants, each representing the right to purchase one share of Occidental’s common stock, $0.20 par value per share, at an exercise price of $22.00. The Warrants were initially distributed by Occidental on August 3, 2020 in the form of a dividend to the holders of record of Occidental’s common stock as of July 6, 2020 and are listed on the New York Stock Exchange under the symbol “OXY WS”. Warrant holders (the “Holders”) have the opportunity to exercise each of their Warrants at a temporarily reduced exercise price of $21.30.
https://stocks.apple.com/A5HPqPc9bTjmJvCL1YvyvJwAny warrant holders on this board taking up this offer?
The warrants usually trade in lock step with the stock usually about $0.20 premium to the stock. That’s an extremely low premium compared to the longest trading call option.
