May 9, 2019 / 12:35 PM / 2 months ago

Chevron says not to raise offer for Anadarko

May 9 (Reuters) - Chevron Corp said on Thursday it would not increase its $33 billion offer to buy Anadarko Petroleum Corp and expects a breakup fee of $1 billion from the company.

Anadarko's board on Monday backed a $38 billion rival bid from Occidental Petroleum Corp. (Reporting by Shanti S Nair in Bengaluru; Editing by Sriraj Kalluvila)

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