April 24, 2019 / 11:20 AM / a month ago

Occidental offers to buy Anadarko in $57 bln deal, topping Chevron

April 24 (Reuters) - Oil and gas producer Occidental Petroleum Corp on Wednesday offered to buy rival Anadarko Petroleum Corp in a $57 billion deal, topping Chevron Corp's agreement to buy Anadarko for $50 billion.

Both cash-and-stock deals include Anadarko's debt.

Occidental's $76 per share offer comprises $38 in cash and 0.6094 shares of Occidental for each share of Anadarko, representing a premium of 19 percent to Anadarko's closing price on Tuesday. (Reporting by Debroop Roy in Bengaluru Editing by Saumyadeb Chakrabarty)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below