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Chevron to Buy Anadarko for $33 Billion in Cash and Stock
Chevron will pay $33 billion, or $65 a share, to acquire Anadarko Petroleum.
Chevron said it will pay $65 a share to Anadarko shareholders, who will receive 0.3869 a share of Chevron and $16.25 in cash for each Anadarko share.
The total enterprise value of the transaction is $50 billion.
Shares of Anakdarko surged in premarket trading following the announcement, jumping 30.2% $60.86 on the New York Stock Exchange. Shares of Chevron went in the opposite direction, falling 4.8% to $120 in premarket trading.
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https://www.thestreet.com/investing/chev...k-14925215
Chevron will pay $33 billion, or $65 a share, to acquire Anadarko Petroleum.
Chevron said it will pay $65 a share to Anadarko shareholders, who will receive 0.3869 a share of Chevron and $16.25 in cash for each Anadarko share.
The total enterprise value of the transaction is $50 billion.
Shares of Anakdarko surged in premarket trading following the announcement, jumping 30.2% $60.86 on the New York Stock Exchange. Shares of Chevron went in the opposite direction, falling 4.8% to $120 in premarket trading.
...
https://www.thestreet.com/investing/chev...k-14925215
