Oxy, Anadarko merger moves to approvals phase

World News: . []

A deal to combine Anadarko Petroleum and Occidental Petroleum is moving to the approvals phase. Anadarko on May 9 entered into a definitive merger agreement with Oxy following the termination of its previously announced merger agreement with Chevron. Anadarko paid a termination fee of $1 billion to Chevron.

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