In a recent interview, Chevron Corp. chairman and CEO Michael Wirth told CNBC
that coming back with a higher bid for Anadarko Petroleum after Occidental Petroleum
swooped in with its more expensive package, would have “eroded shareholder value.”
He said, “We looked hard at it, and we chose to stand behind the deal that
we did and was approved by
the two boards.”
Chevron announced an agreement to
buy Anadarko for $33 billion in cash and stock. Less than two weeks......
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