From the Houston Chronicle:
https://www.chron.com/business/energy/amp/Anadarko-picks-Oxy-s-bid-jilts-Chevron-13822395.php
3 replies (most recent on top)
I have never seen a takeover where the potential buyer issues a press release saying how the assets will be disposed of before signing the deal (Africa -> Total). This seems like pure theater. Who is VH trying to impress, apart from CVX? Certainly not the OXY shareholders.
It's hilarious how VH doesn't see how disastrously this could end up for her and Oxy. Or at least gives no indication of seeing it.
Oh THANK YOU APC BoD. We at Chevron are very anxious to buy your fire-sale assets from OXY, when they go under.