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Oil CEO: Don't Expect an M&A Wave Yet - The Motley Fool
Oil CEO: Don't Expect an M&A Wave Yet  The Motley Fool

One of the hot topics in the oil patch over the past couple of months has been the bidding war for control over Anadarko Petroleum (NYSE: APC). Chevron (NYSE: CVX) initially agreed to acquire the oil company for $33 billion, which was a stunning 38.9% premium. However, it walked away from that deal after Occidental Petroleum (NYSE: OXY) offered $5 billion more for Anadarko. That epic takeover battle has fueled speculation that it could spur a wave of mergers and acquisitions in the oil patch. Oil CEOs, however, don't believe that will be the case. That was certainly clear by the comments of...

Admin 04.06.2019 0 76
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