Occidental Petroleum Corp. was sued on Thursday by one of its shareholders, investor Carl Icahn, who has a $1.6 billion stake in the company, over its $56 billion bid to acquire Anadarko Petroleum Corp.
In the lawsuit filed in Delaware Chancery Court by a group of Icahn's firms, the investor argues...
Total S.A. announced on Tuesday it reached an agreement with Occidental Petroleum to acquire Anadarko Petroleum's African assets for $8.8 billion. Total noted the transaction is subject to Occidental's purchase of Anadarko, as well as regulatory approval, and is expected to close in 2020. The deal...
Anadarko Petroleum Corp. board backed Occidental Petroleum Corp. bid, saying it is "superior" to the deal with Chevron and added it intends to "terminate the Chevron merger agreement in order to enter into a definitive merger agreement with Occidental."
Chevron has until May 10 to...
Billionaire investor and Berkshire Hathaway CEO Warren Buffett told CNBC on Monday that Occidental Petroleum shareholders are more likely to back the company's proposed acquisition of Anadarko Petroleum after the company decided to increase its cash portion of the offer to 78%. The Oracle of...
Occidental Petroleum Corp. revised upwards its bid for the acquisition of Anadarko Petroleum Corp. Under newly announced conditions, Occidental's shareholders won't be required to vote to approve the deal. Occidental offered $76 per share, or $59 in cash and 0.2934 shares of its common stock...
Occidental Petroleum launched a bid of $76 per share for Anadarko Petroleum, valuing the company at $57 billion and topping Chevron's already accepted offer of $65 per share, CNBC reported on Wednesday citing a news release.
"Occidental believes its proposal is superior both financially and...
Chevron Corp. said on Friday it reached an agreement to acquire hydrocarbon exploration firm Anadarko Petroleum Corp. for $65 per share, at a total value of $33 billion. Anadarko shareholders will receive 0.3869 shares of Chevron and $16.25 in cash for each Anadarko share, based on Chevron’s...
This website uses cookies to ensure you get the best experience. Our Terms of Use and Data Protection Policy explain the data we collect, why we collect them, and how we may share them.
