Occidental Petroleum Corp. offered to purchase Anadarko Petroleum Corp. in a deal it values at $57 billion, more than Chevron Corp.’s bid for the oil company. Houston-based Occidental said Wednesday it is offering Anadarko shareholders $38 in cash and 0.
6094 shares of Occidental’s stock per share.
Source: News Formal (newsformal.com)
More borrowed money
Occidental welcome to the woodlands
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