Anadarko Petroleum Corp said on Monday that its board backed a US$38 billion bid from Occidental Petroleum Corp, adding pressure on rival Chevron Corp to raise its offer or walk away from the takeover contest.
Anadarko backs Occidental’s revised bid
Anadarko Petroleum Corp said on Monday that its board backed a US$38 billion bid from Occidental Petroleum Corp, adding pressure on rival Chevron Corp to raise its offer or walk away from the takeover contest.