Anadarko: Oxy’s revised takeover bid superior to Chevron’s

Anadarko Petroleum’s Board has said that Occidental Petroleum’s revised takeover bid received on May 5, 2019, is a “Superior Proposal” to the agreement Anadarko reached with Chevron.

Anadarko said on Tuesday its board of directors, in consultation with its financial and legal advisors, had unanimously determined that the revised acquisition proposal was a superior one.

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