Anadarko Accepts Occidental Bid

Anadarko's board has decided to proceed with Occidental's bid, giving Chevron a chance to either withdraw with a break fee or improve their offer. Occidental has partnered with Totale to purchase Anadarko's African assets, addressing some debt concerns. Chevron remains committed to its disciplined strategy, though its next move is uncertain. Meanwhile, Carl Icahn has acquired a minority stake in Occidental, but a shareholder vote was avoided due to investments from Warren Buffett and Totale.

What decision did Anadarko's board make regarding Occidental's bid?

• They merged with Chevron.

• They postponed the decision.

• They decided to proceed with the bid.

• They rejected the bid.

How does Occidental's alliance with Total impact their financial strategy?

• It complicates their financial strategy.

• It increases their debt.

• It helps alleviate debt concerns.

• It has no impact on their finances.

What is Chevron's stance on acquiring Anadarko?

• They are desperate to acquire Anadarko.

• They are indifferent to acquiring Anadarko.

• They want Anadarko but do not need it.

• They have decided not to pursue Anadarko.

What role did Carl Icahn play in the Occidental deal?

• He acquired a majority stake in Occidental.

• He pushed for a shareholder vote.

• He acquired a minority stake in Occidental.

• He opposed the deal entirely.

How did Occidental avoid the need for a shareholder vote?

• By merging with Chevron.

• Through an investment from Warren Buffett and a deal with Total.

• By canceling the deal.

• By acquiring Anadarko outright.