Occidental completes Anadarko acquisition

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Offshore staff

HOUSTON Occidental Petroleum Corp. has completed its acquisition of Anadarko Petroleum Corp. in a transaction valued at $55 billion, including the assumption of Anadarko’s debt.

The closing of the transaction follows approval of the transaction by Anadarko’s shareholders at a special meeting held on Thursday, Aug. 8. More than 99% of the shares voted at the meeting were in favor of the Occidental merger agreement.

Anadarko shareholders are receiving $59.00 in cash and 0.2934 shares of Occidental common stock per share of Anadarko common stock in the transaction.

Anadarko’s common stock will no longer trade on the New York Stock Exchange.

08/09/2019

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