Occidental offers to buy Anadarko in US$57 billion deal, topping Chevron

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Oil and gas producer Occidental Petroleum Corp on Wednesday offered to buy rival Anadarko Petroleum Corp in a US$57 billion deal, topping Chevron ...

REUTERS: Oil and gas producer Occidental Petroleum Corp on Wednesday offered to buy rival Anadarko Petroleum Corp in a US$57 billion deal, topping Chevron Corp's agreement to buy Anadarko for US$50

billion.Occidental's US$76 per share offer comprises US$38 in cash and 0.6094 shares of Occidental for each share of Anadarko, representing a premium of 19 percent to Anadarko's closing price on Tuesday.

 

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