BAML and Citi set to win as Oxy’s upped cash offer wins over Anadarko

Riko Best - stock.adobe.com

Occidental Petroleum has successfully wooed Anadarko, the Texas-based shale oil and gas company, with a new offer to buy it, including a larger portion of cash. Anadarko has ditched the deal it already had in place to sell itself to rival bidder Chevron.