Freeport-McMoRan Announces Agreement to Sell its Deepwater Gulf of Mexico Properties

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UBS Reiterates Buy on Anadarko Petroleum (APC) Following Acquisition Agreement

September 13, 2016 9:58 AM EDT

UBS reiterated a Buy rating and $69.00 price target on Anadarko Petroleum (NYSE: APC) following the company's announcement that it has agreed to acquire FCX's deepwater GoM assets for $2 billion.

Analyst William Featherston commented, "APC agreed to acquire FCX's deepwater GoM assets for $2 billion, funding... More

Anadarko Petroleum (APC) Prices 35.25M Share Common Stock Offering for Proceeds of ~$1.92B

September 13, 2016 6:09 AM EDT

Anadarko Petroleum Corporation (NYSE: APC) announced that it has priced a registered underwritten public offering of 35,250,000 shares of its common stock for total gross proceeds (before estimated fees and expenses) of approximately $1,921 million. Anadarko has granted the underwriter a 30-day option to purchase up to 5,287,500 additional shares of its common stock. The offering is expected to settle and close on Sept. 16, 2016, subject to customary closing conditions. The underwriter... More

Anadarko Petroleum (APC) Announces 35.25M Share Common Stock Offering

September 12, 2016 4:10 PM EDT

Anadarko Petroleum Corporation (NYSE: APC) announced a registered underwritten public offering of 35,250,000 shares of its common stock. Anadarko expects to grant the underwriter a 30-day option to purchase up to 5,287,500 additional shares of its common stock. The underwriter intends to offer the shares from time to time for sale in one or more transactions on the New York Stock Exchange, in the over-the-counter... More