Anadarko Petroleum Corp. said it was considering Occidental Petroleum Corp.’s $38 billion offer, weeks after agreeing to be taken over by Chevron Corp. for about $33 billion, the latest development in a tug of war over prized assets in the heart of the U.S. fracking boom.
The declaration puts the onus on Chevron to raise its price or walk away from its deal for Anadarko, whose acreage in the Permian Basin of West Texas and New Mexico is coveted by both potential buyers as a path to further expansion.
Full Content: Wall Street Journal
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