Anadarko accepts Occidental bid; Chevron has 4 days to respond

Chevron now has four days to respond to Occidental Petroleum's bid on Anadarko, which is described as "superior" by Anadarko's board of directors.

BY RACHEL ADAMS HEARD AND KEVIN CROWLEY, BLOOMBERG

Anadarko Petroleum Corp.'s board has declared Occidental Petroleum Corp.'s sweetened USD 38 billion takeover "superior," giving Chevron Corp. four days to either boost its offer or walk away from the oil industry's biggest deal in at least four years.

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