Occidental throws in hat for Anadarko

THE early last week that Chevron Corporation had made a US$33 billion offer for Anadarko Petroleum has sparked a competing bid from Occidental Petroleum, which has offered 20% more. 

Occidental throws in hat for Anadarko Occidental throws in hat for Anadarko Occidental throws in hat for Anadarko Occidental throws in hat for Anadarko Occidental throws in hat for Anadarko

Occidental and Chevron now competing for Anadarko

The cash and stock offer is valued at a total of US$57 billion. 
 
Occidental will offer $38 billion in shares, or $76 per share, up from Chevron's $68/share.