MARKETS

Anadarko favouring Occidental takeover bid

Chevron has until the end of the week to respond with counter bid

Occidental CEO Vicki Hollub claims her company's bid will offer better synergies for Anadarko. Image obtained: Occidental Petroleum media.

Anadarko made the decision after Occidental improved its bid over the weekend offering a higher proportion of cash, and now Chevron will have until the end of the week to beat the offer. Occidental,...

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