Occidental revises Anadarko takeover offer

Anadarko Petroleum has received a revised proposal from Occidental Petroleum under which Anadarko shareholders would receive $59.00 in cash and 0.2934 shares of Occidental common stock per share of Anadarko common stock.

Occidental’s revised proposal was received on Sunday, May 5, 2019.

As disclosed previously, Anadarko entered into a definitive merger agreement with Chevron on April 11, 2019.

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