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By Josh Beckerman
Anadarko Petroleum Corp. (APC) has agreed to be sold to Occidental Petroleum Corp. (OXY), a move that was expected after Chevron Corp. (CVX) dropped out of a bidding war.
Occidental will pay $59 in cash and 0.2934 of an Occidental share for each Anadarko share.
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(END) Dow Jones Newswires
May 09, 2019 18:58 ET (22:58 GMT)
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