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Stock impact report

Anadarko Agrees To Be Acquired By Occidental

ANADARKO PETROLEUM (APC) 
Last anadarko petroleum earnings: 7/26 04:10 pm Check Earnings Report
US:NYSE Investor Relations: investors.anadarko.com
Company Research Source: PR Newswire
HOUSTON, May 9, 2019 /PRNewswire/ -- Anadarko Petroleum Corporation (NYSE: APC) today announced that it has entered into a definitive merger agreement with Occidental Petroleum Corporation under which Occidental will acquire all of the outstanding shares of Anadarko for consideration consisting of $59.00 in cash and 0.2934 of a share of Occidental common stock per share of Anadarko common stock. Anadarko also announced that prior to entering into the merger agreement with Occidental, the Company terminated its previously announced merger agreement with Chevron Corporation (NYSE: CVX). In accordance with the terms of that agreement, Anadarko has paid a termination fee of $1 billion to Chevron.Al Walker, Chairman and Chief Executive Officer of Anadarko, commented, "We are pleased to have reached an agreement with Occidental that delivers significant, near-term value to our shareholders.  Anadarko's employees have strategically assembled a premier portfolio of world-class assets, and thi Show less Read more
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