Shareholders approved the Oxy-Midcon merger.
- Share via
As expected, the takeover of Chicago-based Midcon by Occidental Petroleum of Los Angeles was approved at shareholder meetings in the two cities. Midcon is one of the nation’s biggest natural gas pipeline companies, and the merger marks Occidental’s entry into that business. Analysts generally have praised the acquisition, which will make it easier for Occidental to market its huge natural gas reserves. Midcon will merge with an Oxy unit.
More to Read
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.