from the brain of: Libby Elizabeth

Sep 2021

Chevron Anadarko Merger Agreement

Anadarko Petroleum Corp. announced today that its Board of Directors has unanimously decided that the revised acquisition proposal it received Sunday from Occidental Petroleum constitutes a “superior proposal.” With respect to its previously announced merger agreement with Chevron Corp., Anadarko said in a press release that it had informed Chevron of its board of directors` decision and that it intended to terminate the Chevron merger agreement in order to enter into a final merger agreement with Occidental as part of the revised Western proposal. . . .

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