Historical Stock Chart
2 Months : From Apr 2019 to Jun 2019
By Josh Beckerman
Anadarko Petroleum Corp. (APC) on Monday said Occidental Petroleum Corp.'s (OXY) revised bid for the company constitutes a "superior proposal" under its existing agreement for a sale to Chevron Corp. (CVX).
Chevron has until May 10 to propose revisions to the deal, Anadarko said.
Occidental recently increased the cash portion of its $38 billion offer.
Write to Josh Beckerman at firstname.lastname@example.org
(END) Dow Jones Newswires
May 06, 2019 19:01 ET (23:01 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.