Total to buy Anadarko's Africa assets if Occidental wins takeover fight

Total to buy Anadarko's Africa assets if Occidental wins takeover fightFrench energy giant Total said it has reached a deal with Occidental to acquire Anadarko Petroleum's oil and gas assets in Africa -- but only if the mid-sized US firm Occidental wins its fierce takeover battle for Anadarko with the much bigger Chevron. The move further bolsters Occidental's hostile takeover bid for Anadarko after American mega-investor Warren Buffett's Berkshire Hathaway got involved last week, investing $10 billion in Occidental. Anadarko's board had already approved an offer from Chevron when Occidental unveiled a higher bid last month, kicking off a tug-of-war over the company's assets in the shale-rich Permian Basin in Texas.




from Yahoo News - Latest News & Headlines https://yhoo.it/2DTbdx5
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