Occidental Petroleum Corp plans to quickly complete its $38 billion purchase of ...
The earlier-than-expected closing will give the company a head start to evaluate assets that it plans to sell to pay off debt supporting the acquisition, Occidental Chief Executive Vicki Hollub said on a conference call following release of the company’s second-quarter results.
Anadarko shareholders are expected next week to approve a deal that provides a 57% premium to its share price the day before it disclosed acquisition talks.
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