Anadarko Petroleum Corp. said it would consider Occidental Petroleum Corp.’s $38 billion bid, weeks after the company entered an agreement to be taken over by Chevron Corp. for about $33 billion.
The company said Monday it would resume talks with Occidental after its board had unanimously determined that Occidental’s offer could result in a superior proposal to the one offered by Chevron.
Source: News Formal (newsformal.com)
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Anadarko to resume deal talks with Occidental, says bid could be 'superior' to Chevron's offerAnadarko Petroleum's board of directors unanimously determines that buyout offer from Occidental could be superior to Chevron bid.
Source: CNBC - 🏆 12. / 72 Read more »
Occidental Petroleum Bids for AnadarkoOccidental Petroleum offered to purchase Anadarko Petroleum in a deal it values at $57 billion, more than Chevron’s bid for the oil company. Occidental welcome to the woodlands More borrowed money
Source: WSJ - 🏆 98. / 63 Read more »
Occidental Petroleum bids $76 a share for Anadarko, trumping Chevron offerA bidding war broke out in the energy patch on Wednesday.
Source: CNBC - 🏆 12. / 72 Read more »
Exclusive: Anadarko to pursue deal talks with Occidental Petroleum - sourcesAnadarko Petroleum Corp, the U.S. oil and gas exploration and production company...
Source: Reuters - 🏆 2. / 97 Read more »
Chevron may have to sweeten offer for Anadarko after rival Occidental bidMost analysts see Chevron ultimately winning the fight for Anadarko, but several say the oil major will have to pay up for the prize. Amazing Tweet, We also use InstaCryptoNews for instant info
Source: CNBC - 🏆 12. / 72 Read more »
Occidental CEO explains why she will prevail in bidding war for sought-after oil driller AnadarkoOccidental Petroleum CEO Vicki Hollub says her company can squeeze the best results out of Anadarko Petroleum's wells in the top U.S. shale basin. She is sharp. Heard her give a few talks, that was my take. However...Chevron has some deep pockets and I question the wisdom of a bidding war...
Source: CNBC - 🏆 12. / 72 Read more »
Anadarko confirms Occidental's $57 billion bidOil and gas producer Anadarko Petroleum Corp on Wednesday confirmed Occidental P... RT : Anadarko confirms Occidental's $57 billion bid
Source: Reuters - 🏆 2. / 97 Read more »
Anadarko says Occidental offering may be better than bid from ChevronAnadarko Petroleum Corp. said Monday it intends to resume negotiations with Occidental Petroleum Corp. regarding its bid to acquire the company that came...
Source: MarketWatch - 🏆 3. / 97 Read more »
Occidental sweeps in with higher bid for Anadarko than Chevron is offeringOccidental Petroleum Corp. offered to buy Anadarko Petroleum Corp. for $76 a share in cash and stock, topping the current offer for the company from Chevron...
Source: MarketWatch - 🏆 3. / 97 Read more »
Occidental gives Anadarko an ill-judged bear hugIts $38 bln cash-and-stock offer trumps bigger rival Chevron’s bid for the U.S. oil producer, is a two-thirds premium and in theory helps both sides. Yet Occidental’s shares are less attractive and its debt would jump. Chevron only need sweeten its offer a bit to regain its edge.
Source: Breakingviews - 🏆 470. / 51 Read more »
Occidental offers $57 billion for Anadarko, topping ChevronOil and gas producer Occidental Petroleum Corp on Wednesday made a $57 billion b...
Source: Reuters - 🏆 2. / 97 Read more »