Anadarko to Resume Talks With Occidental Petroleum on Buyout Bid

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Anadarko to Resume Talks With Occidental Petroleum on Buyout Bid
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Anadarko plans to consider Occidental’s $38 billion takeover bid, after earlier agreeing to a $33 billion deal from Chevron

Anadarko Petroleum Corp. said it would consider Occidental Petroleum Corp.’s $38 billion bid, weeks after the company entered an agreement to be taken over by Chevron Corp. for about $33 billion.

The company said Monday it would resume talks with Occidental after its board had unanimously determined that Occidental’s offer could result in a superior proposal to the one offered by Chevron.

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