Occidental Petroleum priced 9.5 million warrants.
The Los Angeles oil company said it would sell the warrants later this month at no more than $11.375 each. Each warrant can be exercised next July at $30 a share for one share of Southland Corp. stock. Oxy obtained a 20% stake in Dallas-based Southland when it sold the convenience store operator its Cities Service refining, marketing and transportation businesses.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
