- Now that Occidental Petroleum has beaten Chevron to the acquisition of Anadarko Petroleum – and the strategic assets it holds in the prolific Permian Basin – one would think that the deal is cut-and-dry.
- The Occidental purchase of Anadarko had all the signs of a classic takeover battle, swooping in after Chevron and Anadarko's boards had approved their own US$48 billion deal.
- The chief critic of this is activist Carl Icahn, who owns a US$1.6 billion stake in Occidental, who slammed it as ‘misguided' with the CEO and Board ‘betting the company to serve their own agendas'.
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