Occidental Petroleum Corp. offered to buy Anadarko Petroleum Corp. for $76 a share in cash and stock, topping the current offer for the company from Chevron...
Occidental Petroleum Corp. OXY, -1.09% offered to buy Anadarko Petroleum Corp. APC, -0.11% for $76 a share in cash and stock, topping the current offer for the company from Chevron Corp. CVX, +0.10% by about 20%. Occidental said it will pay Anadarko shareholders $38 in cash and 0.6094 Occidental shares per share, a 20% premium over the value of the pending transaction announced on April 23.
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