August 8, 2019 / 3:33 PM / 9 days ago

Anadarko shareholders go for the cash in Occidental buyout

HOUSTON, Aug 8 (Reuters) - Shareholders of Anadarko Petroleum Corp on Thursday voted overwhelmingly to sell the company for $38 billion to rival Occidental Petroleum Corp , ending a short-lived contest that pitted two of the most storied names in the oil industry against one another.

Anadarko's shareholders voted 99% in favor of the deal that gives them $72.34 per share based on Wednesday's closing price for Occidental. Occidental shares were off a fraction at $45.93. (Reporting by Gary McWilliams Editing by Marguerita Choy)

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