Occidental Wins Anadarko, Chevron Walks

摘要

THE TAKEAWAY FROM the Anadarko Petroleum Corp. merger sweepstakes depends greatly on perspective. Occidental Petroleum Corp. prevailed with a cash-rich offer totaling $57 billion, including the assumption of debt. Chevron Corp. initially stirred the waters on April 12 with an agreement to buy Occidental for $48 billion, including debt. On May 9, Chevron declined to up the ante.