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A&D - Oxy’s $57B Anadarko buy still mired in controversy - August 2019
Occidental Petroleum completed its $57 billion acquisition of Anadarko Petroleum on Aug. 8 after Anadarko shareholders approved the deal earlier that day. During Oxy’s Q2 earnings call, CEO Vicki Hollub said the expedited closing would afford the company more time to assess which of its assets it plans to shed to pay off the debt accrued because of the Anadarko buy. Anadarko shareholders received $59 in cash and 0.2934 Oxy common for each Anadarko......
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