Anadarko reopened talks with Occidental Petroleum Corp. on Monday after the board sided with investors who said the $38 billion offer was likely better than the agreed-upon deal with Chevron Corp. Though Occidental’s been making a run at Anadarko for more than a year, Chevron’s pursuit began in earnest just a few months ago. If Anadarko officially deems Occidental’s bid “superior,” Chevron will be forced to sweeten its offer or drop out altogether.
“It is messy. They jumped on the Chevron offer, leaving this one mystifyingly unaddressed,” said Craig Pirrong, director of the Global Energy Management Institute at the University of Houston. “The board should have been happy to have multiple bidders rather than stiffing one and focusing exclusively on the other.”
Anadarko did not immediately respond to a request for comment. In an earlier statement, the company said Occidental’s most recent bid reflected a “significant improvement” compared to previous offers.
Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Business Maverick: Gold worth billions smuggled out of AfricaBillions of dollars' worth of gold is being smuggled out of Africa every year through the United Arab Emirates in the Middle East – a gateway to markets in Europe, the United States and beyond – Reuters analysis has found. David Lewis, Ryan McNeill and Zandi Shabalala report on the extraordinary and rising problem of gold smuggling out of Africa. It used to be called 'artisanal'. Now its big business.
Herkunft: dailymaverick - 🏆 3. / 84 Weiterlesen »
Business Maverick: Glencore Faces New Corruption Investigation With CFTC ProbeGlencore Plc said it’s under investigation by the U.S. Commodity Futures Trading Commission for possible corrupt practices, the latest legal headache for the world’s biggest commodity trader.
Herkunft: dailymaverick - 🏆 3. / 84 Weiterlesen »
Business Maverick: Britons opt for non-EU holidays in face of Brexit impasse – Thomas CookBritish holidaymakers are favouring destinations outside the European Union after repeated delays to Brexit discouraged travellers from booking early and prompted them to look further afield, travel firm Thomas Cook said on Monday. Not Britons but Muslim Turks .
Herkunft: dailymaverick - 🏆 3. / 84 Weiterlesen »
Business Maverick: Impact investing could bridge the socialist/capitalist divideA conference this week examined one of the trickiest issues of our day: why is it proving so difficult to mobilise retirement funds to aid social upliftment? Meanwhile, inequality is rising and threatening to become a political time bomb, environmental crises are increasing, tax revolts are looming, and levels of violent social unrest could become unmanageable. Is there a solution? Cue impact investing.
Herkunft: dailymaverick - 🏆 3. / 84 Weiterlesen »
Business Maverick: Thursday April 25: Five Things You Need to Know to Start Your DayFacebook and Microsoft deliver solid results, Goldman may have to plead guilty over 1MDB, and Boeing’s chief insists the 737 Max will be one of the safest airplanes ever to fly. Here are some of this morning’s key stories.
Herkunft: dailymaverick - 🏆 3. / 84 Weiterlesen »
Business Maverick: Tanzania denies blocking release of scathing IMF reportTanzania on Tuesday denied blocking the publication of a critical International Monetary Fund report that accuses President John Magufuli's government of undermining economic growth with 'unpredictable and interventionist' policies.
Herkunft: dailymaverick - 🏆 3. / 84 Weiterlesen »
Business Maverick: Eskom `Is Not on the Brink of Financial Collapse,’ Gordhan SaysSouth Africa’s state-owned power utility “isn’t on the brink of financial collapse” and the government has the problem “well under control,” Public Enterprises Minister Pravin Gordhan said. Agreed. It is WAY beyond that already. Had it not been for its corrupt benefactor .............🤔
Herkunft: dailymaverick - 🏆 3. / 84 Weiterlesen »
BUSINESS MAVERICK: Department of Labour threatens to cancel Amcu’s registrationThere has long been speculation that the Association of Mineworkers and Construction Union was in the Department of Labour’s sights because of its failure to hold regular leadership elections and other regulatory transgressions. But its charismatic president Joseph Mathunjwa is unlikely to go down without a fight. About time, their Members have now suffered long enough!!!!! An organisation putting 2 million jobs at risk should bebanned from the workplace. 2 mil families suffered for 5 months due to their lack of ability to accept the status qou. No gain
Herkunft: dailymaverick - 🏆 3. / 84 Weiterlesen »
Business Maverick: Rico: Cartoon FridayLet us hope not. Exactly. Escom and ANC!
Herkunft: dailymaverick - 🏆 3. / 84 Weiterlesen »
Business Maverick: China’s Xi Defends Belt and Road, Vows `Zero Tolerance’ of GraftChinese President Xi Jinping pledged to clean up his signature Belt and Road infrastructure program amid criticism the policy is indebting poorer nations and making them dependent on Beijing. What does Africa have to ensure its own economic growth and development? Is the _AfricanUnion implementing any plans that were last agreed on especially self-sustainability, free trade zone, strengthening of regional economic blocks, monetizing of Sports & Culture
Herkunft: dailymaverick - 🏆 3. / 84 Weiterlesen »
Business Maverick: Kraft Heinz’s Problems Run Deeper Than Its CEOKraft Heinz Co.’s problems stem not from a single manager but rather an ethos brought to the company by its private equity owner, 3G Capital, and championed by billionaire Warren Buffett. And so it remains to be seen whether replacing the packaged-food giant’s CEO is enough to right the ship, writes Tara Lachapelle for Bloomberg Opinion
Herkunft: dailymaverick - 🏆 3. / 84 Weiterlesen »