Anadarko Petroleum To Resume Talks With Occidental Petroleum - Quick Facts

(RTTNews) - Anadarko Petroleum Corp. (APC) said it has decided to resume talks with Occidental Petroleum Corporation as the company's board has found the Occidental proposal could be a "Superior Proposal" over Chevron deal.

Occidental has offered to acquire Anadarko for consideration comprised of $38.00 in cash and 0.6094 of a share of Occidental common stock per share of Anadarko common stock. As per the Chevron deal, Chevron would acquire Anadarko for consideration comprised of $16.25 in cash and 0.3869 of a share of Chevron common stock per share of Anadarko common stock.