Anadarko Petroleum Corp. said Monday it intends to resume negotiations with Occidental Petroleum Corp. regarding its bid to acquire the company that came...
Anadarko Petroleum Corp. APC, +1.44% said Monday it intends to resume negotiations with Occidental Petroleum Corp. OXY, -0.86% regarding its bid to acquire the company that came after an earlier merger agreement with oil major Chevron Corp. Andarko said after talking with financial and legal advisers, it has determined that the Occidental offer may be a "superior proposal" as defined in its agreement with Chevron.
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