Occidental gatecrashes Chevron party with $57bn Anadarko bid
The US’s Occidental Petroleum has swooped in with a roughly $57bn bid for Anadarko Petroleum, drawing battle lines against Chevron’s smaller bid for the shale oil company.
Occidental has offered $76 a share for Anadarko, which the acquisitive company said on Wednesday is around a 20% premium to Chevron’s offer.
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