Gulf Oil and Gas accountACCOUNT

Occidental Completes Acquisition of Anadarko

Source: www.gulfoilandgas.com 8/8/2019, Location: North America

Occidental Petroleum Corporation (OXY) announced the successful completion of its acquisition of Anadarko Petroleum Corporation ("Anadarko") (APC) in a transaction valued at $55 billion, including the assumption of Anadarko’s debt.

"With Anadarko’s world-class asset portfolio now officially part of Occidental, we begin our work to integrate our two companies and unlock the significant value of this combination for shareholders," said Vicki Hollub, President and Chief Executive Officer. "We expect to deliver at least $3.5 billion annually in cost and capital spending synergies and the focus of our Board and management team is on execution to achieve the promise of this exciting combination. We look forward to updating the market on our continued progress in the months ahead."

The closing of the transaction follows approval of the transaction by Anadarko’s shareholders at a Special Meeting held earlier today. More than 99% of the shares voted at the Special Meeting were in favor of the Occidental merger agreement.

Anadarko shareholders are receiving $59.00 in cash and 0.2934 shares of Occidental common stock per share of Anadarko common stock in the transaction. Effective after the end of trading today, Anadarko’s common stock will no longer trade on the New York Stock Exchange.

Mergers and Acquisitions News in United States >>

Germany >>  7/1/2020 - Rolf Martin Schmitz, CEO of RWE AG: "This is the day we have been working towards for two years. The new RWE has been completed. It is a new, bigger a...
Malaysia >>  7/1/2020 - Eversendai Corporation Bhd announced to undertake the proposed acquisition of 100% equity interest in Vahana Offshore (M) Sdn Bhd (Vahana) and its sub...

Trinidad and Tobago >>  7/1/2020 - Columbus, the oil and gas producer and explorer focused on onshore Trinidad and Suriname, is pleased to confirm that on 30 June 2020 it has published ...
Trinidad and Tobago >>  6/30/2020 - Columbus, the oil and gas producer and explorer focused on onshore Trinidad and Suriname, is pleased to provide the following update related to its pr...

Chile >>  6/24/2020 - Sempra Energy has completed the sale of its Chilean businesses, generating approximately $2.23 billion in total cash proceeds, subject to post-closing...
Canada >>  6/23/2020 - i3 Energy plc, an independent oil and gas company with assets and operations in the UK, is pleased to announce the following update. ...

Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


United States Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 | 28 | 29 | 30 | 31 | 32 | 33 | 34 | 35 | 36 | 37 | 38 | 39 | 40 | 41 | 42 | 43 | 44 | 45 | 46 | 47 | 48 | 49 | 50 | 51 | 52 | 53 | 54 | 55 | 56 | 57 | 58 | 59 | 60 | 61 | 62 | 63 | 64 | 65 | 66 | 67 | 68 | 69 | 70 | 71 | 72 | 73 | 74 | 75 | 76 | 77 |

More News

Related Links

Gulf Oil and Gas
Copyright © 2020 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.