Occidental Petroleum (OXY) Confirms $76/Share Offer for Anadarko (APC), Topping Chevron (CVX)
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Occidental Makes Superior Proposal to Acquire Anadarko
April 24, 2019 7:04 AM EDT$76.00 Per Share Cash and Stock Proposal Represents Premium of Approximately 20% to Current Value of Transaction Accepted by Anadarko
Would Create a $100+ Billion Global Energy Leader with over 1.4 Million Boe/d of Production to Drive Significant Value and Returns for Occidental and Anadarko Shareholders
Expected to Be Accretive to Cash Flow and Free Cash Flow Year-one, and Deliver $3.5 Billion of Free Cash Flow Improvement through $2.0 Billion of Annual Cost Synergies and $1.5 Billion of Annual Capital Reductions
HOUSTON, April 24, 2019 (GLOBE NEWSWIRE) -- Today,... More
