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Occidental Petroleum (OXY) has made a superior offer to acquire Anadarko Petroleum (APC) in a mega $57 billion deal. Aggressiveness in language, synergy estimates, and offered price suggest low discipline in what could be painful for Occidental's shareholders and, basically, anyone involved in the bidding war except for shareholders of Anadarko, of course.
Deal Term & History, A Hostile Environment
Occidental has made a proposal to acquire Anadarko in a deal worth $76 per share, with the offer including a $38 per share cash component as well as similar value in