Fight over Anadarko continues
Anadarko initially accepted Chevron's acquisition bid, but then Occidental entered the foray and offered an ever higher price – a bid Anadarko is now considering, even though annulling the deal with Chevron would cost USD 1 billion.
According to sources close to the matter, Anadarko has reportedly decided to begin negotiations regarding a sale to Occidental Petroleum. This comes despite the fact the former had already decided to accept Chevron's offer— but the matter is not yet settled, reports Reuters.
Already a subscriber?Log in here
Read the whole article
Get access for 14 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
With your free trial you get:
Get full access for you and your coworkers
Start a free company trial todayRelated articles
Chevron outbid in struggle for Anadarko
For subscribers
Chevron mega-deal highlights the revival of American energy
For subscribers
.jpg&w=384&q=75){kind=logo}