Anadarko Petroleum Corp's board on Monday backed a $38 billion bid from Occ...
FILE PHOTO: Anadarko Petroleum Corporation is seen in The Woodlands, Texas, U.S., April 30, 2019. REUTERS/Loren Elliott/File Photo
The decision capped a series of moves by Occidental to finance and quickly complete its $38 billion deal after Anadarko balked at several earlier offers. Occidental received the board’s endorsement after raising $18.8 billion in cash pledges that allowed it to avoid a vote by its shareholders on the deal.
Anadarko said its board had unanimously determined that the revised Occidental proposal constitutes a “superior proposal” and that it intends to terminate the Chevron merger agreement, a decision that would see it pay Chevron a $1 billion termination fee.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Occidental: Skipping shareholder merger vote will make its Anadarko bid superior to Chevron'sOccidental Petroleum Corp said on Monday that its latest bid to take over Anadar...
Consulte Mais informação »
Occidental revises bid for Anadarko in buyout battle with Chevron, offers mostly cashOccidental Petroleum submitted a revised buyout offer to Anadarko Petroleum, offering 78% cash and 22% stock rather than a 50-50 split.
Consulte Mais informação »
Chevron's stock the only Dow stock gaining after Occidental revises Anadarko rival buyout bidChevron Corp.'s stock edged up 0.2% in premarket trade Monday, and was the only Dow Jones Industrial Average component gaining ground ahead of the open,...
Consulte Mais informação »
Anadarko poised to cancel buyout deal with Chevron after board says Occidental's bid is superiorBuffett says the stock market nosedive on Trump's weekend threat to increase tariffs on China is 'rational.'
Consulte Mais informação »
Anadarko is likely to deem Occidental's buyout offer superior to Chevron's bid: Sources
Consulte Mais informação »
Occidental: Skipping shareholder merger vote will make its Anadarko bid superior to Chevron'sOccidental Petroleum Corp said on Monday that its latest bid to take over Anadar...
Consulte Mais informação »
What Chevron stands to lose if Occidental wins bidding war for AnadarkoA victory by Occidental would block Chevron from advancing some of its key priorities and bolster one of its biggest Big Oil rivals.
Consulte Mais informação »
Total backs Occidental's Anadarko bid with deal to buy assetsFrance's Total SA said on Sunday it has agreed with Occidental Petroleum Co...
Consulte Mais informação »
Anadarko Says Occidental Now ‘Superior’ Offer to ChevronAnadarko said a $38 billion bid by Occidental Petroleum was superior to an offer it had accepted from Chevron, raising the stakes in the battle for the company.
Consulte Mais informação »
Occidental to Sell Anadarko’s Africa Assets to Total if It Wraps Deal With AnadarkoOccidental reaches a potential deal to sell Anadarko's Africa assets for about $8 billion if the oil companies complete a proposed takeover
Consulte Mais informação »