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. . . .