Anadarko Petroleum (NYSE:APC)
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6 Months : From Apr 2019 to Oct 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.
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(END) Dow Jones Newswires
May 06, 2019 19:01 ET (23:01 GMT)
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