Playing the Field: Competing Bids for Anadarko Petroleum Corp
Synopsis
Anadarko Petroleum CEO Al Walker must make a recommendation to his board of directors regarding the merits of two competing merger proposals. Weeks earlier, on April 11, 2019, Anadarko had agreed to be acquired by Chevron Corporation in a cash and stock deal that Chevron valued at $65 per Anadarko share. Now, following speculation that Occidental was working with Warren Buffett, Anadarko had received a competing bid from Occidental Petroleum that Occidental valued at $76 per Anadarko share. Walker now needed to decide which offer was superior. If the Anadarko bid was determined to be superior, Anadarko would be required to pay a $1 billion break-up fee to Chevron.
- Hakimiliki:
- 2020 HBS
Book Details
- Book Quality:
- ISBN-13:
- Publisher:
- Harvard Business Publishing
- Date of Addition:
- 2021-08-28T23:04:42Z
- Lugha:
- English
- Kategoria:
- Usage Restrictions:
- This is a copyrighted book.