Anadarko Petroleum Corp. announced it entered into a definitive merger agreement with Occidental Petroleum Corp. after terminating its previously announced deal with Chevron Corp. Occidental will pay $59.00 in cash and 0.2934 of a share of its common stock per share of Anadarko common...
Chevron Corporation announced on Thursday that it is pulling out of the merger agreement with Anadarko Petroleum Corporation, allowing the four-day period, during which it was expected to match or outbid Occidental Petroleum Corp.'s offer, to expire.
"Winning in any environment doesn’t mean...
Berkshire Hathaway Inc. is investing $10 billion in Occidental Petroleum Corp. contingent on the company completing its proposed takeover of Anadarko Petroleum Corp., the oil company announced on Tuesday.
According to the agreement, Berkshire will receive 100,000 preferred stock, which will be...
Analysts at Jefferies downgraded Occidental Petroleum Corp. on Monday to hold from buy before the Anadarko Petroleum Corp. acknowledged it would return to the table as it found the peer's takeover bid is a significant improvement from the deal it struck with Chevron Corp. The price target was...
Anadarko Petroleum Corp. announced it would start talks again with Occidental Petroleum Corp. even though it has already agreed to be bought by Chevron Corp. on April 11. In the statement published on Monday, the oil and gas exploration company with headquarters in the Woodlands, Texas,...
Anadarko Petroleum Corp shares surged over 11% on Wednesday after it was reported that Occidental Petroleum outbid Chevron's offer to buy the company, thus estimating its value at $57 billion.
Anadarko had already accepted Chevron's offer of $65 per share.
The company's stocks traded...
Anadarko Petroleum Corp. stated on Tuesday that its third-quarter net loss attributable to common stockholders stood at $699 million or $1.27 per diluted share. The oil company also announced a $2.5 billion share-repurchase program, which is authorized to extend through the end of 2018.
"I...
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