Occidental finalizes Anadarko acquisition

Following a somewhat crazy process, to put it mildly, Occidental announces it has completed its acquisition of Anadarko in a USD 55 billion transaction.
Photo: Loren Elliott/REUTERS / X03952
Photo: Loren Elliott/REUTERS / X03952

The high-profile deal, in which Occidental suddenly burst in to outbid Chevron's already accepted offer for Anadarko, is now closed, Occidental Petroleum Corporation informs in a statement after Anadarko stakeholders approved the acquisition.

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