Chevron's acquisition of Anadarko in jeopardy

Anadarko initially accepted Chevron's acquisition bid, but then Occidental entered the foray and offered an ever higher price – a bid Anadarko is now considering, even though annulling the deal with Chevron would cost USD 1 billion.

by VIKTOR BRANDT KÆRGAARD

According to sources close to the matter, Anadarko has reportedly decided to begin negotiations regarding a sale to Occidental Petroleum. This comes despite the fact the former had already decided to accept Chevron's offer— but the matter is not yet settled, reports Reuters.

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Chevron buys Anadarko in USD 33 billion bet on shale oil and LNG
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