Anadarko Confirms Occidental Deal Agreement

05/09/19 06:58 PM EDT
   By Josh Beckerman 
 

Anadarko Petroleum Corp. (APC) has agreed to be sold to Occidental Petroleum Corp. (OXY), a move that was expected after Chevron Corp. (CVX) dropped out of a bidding war.

Occidental will pay $59 in cash and 0.2934 of an Occidental share for each Anadarko share.

 

Write to Josh Beckerman at josh.beckerman@wsj.com

 

(END) Dow Jones Newswires

May 09, 2019 18:58 ET (22:58 GMT)

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