Anadarko Confirms Occidental Deal Agreement
May 09 2019 - 06:13PM
Dow Jones News
By Josh Beckerman
Anadarko Petroleum Corp. (APC) has agreed to be sold to
Occidental Petroleum Corp. (OXY), a move that was expected after
Chevron Corp. (CVX) dropped out of a bidding war.
Occidental will pay $59 in cash and 0.2934 of an Occidental
share for each Anadarko share.
Write to Josh Beckerman at josh.beckerman@wsj.com
(END) Dow Jones Newswires
May 09, 2019 18:58 ET (22:58 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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