News Formal

Chevron's stock surges after refusing to raise bid for Anadarko, expects $1 billion merger termination fee

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 6 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 6%
  • Publisher: 97%

Россия Новости Новости

Chevron surges on word that it won't up bid for Anadarko

Shares of Chevron Corp. CVX, -0.65% shot up 3.1% in premarket trade Thursday, after the oil giant said it would not raise its bid to buy Anadarko Petroleum Corp. APC, +0.05% and expects Anadarko to terminate the merger deal. "Winning in any environment doesn't mean winning at any cost," said Chevron Chief Executive Michael Wirth. "Cost and capital discipline always matter, and we will not dilute our returns or erode value for our shareholders for the sake of doing a deal.

Have breaking news sent to your inbox. Subscribe to MarketWatch's free Bulletin emails. Sign up here.

 

Спасибо за ваш комментарий. Ваш комментарий будет опубликован после проверки
Мы обобщили эту новость, чтобы вы могли ее быстро прочитать.Если новость вам интересна, вы можете прочитать полный текст здесь Прочитайте больше:

 /  🏆 3. in RU

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

Occidental: Skipping shareholder merger vote will make its Anadarko bid superior to Chevron'sOccidental Petroleum Corp said on Monday that its latest bid to take over Anadar...
Источник: Reuters - 🏆 2. / 97 Прочитайте больше »

Occidental: Skipping shareholder merger vote will make its Anadarko bid superior to Chevron'sOccidental Petroleum Corp said on Monday that its latest bid to take over Anadar...
Источник: Reuters - 🏆 2. / 97 Прочитайте больше »