Anadarko Confirms Occidental Deal Agreement

Date : 05/10/2019 @ 12:13AM
Source : Dow Jones News
Stock : Chevron Corp. (CVX)
Quote : 121.39  0.58 (0.48%) @ 12:27AM

Anadarko Confirms Occidental Deal Agreement

Anadarko (NYSE:APC)
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   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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