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Oxy sued by shareholders

A GROUP of shareholders is mounting a planned class action lawsuit in a New York state court to take Occidental Petroleum to task for its ambitious buy of Anadarko Petroleum, which they allege has destroyed the company’s value.

Oxy sued by shareholders

The Vicky Hollub-run Oxy borrowed heavily to pay the US$35.7 billion takeover price but has since been hit by the oil price fall, and has also suffered after France's Total pulled out of a deal to take...

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