Anadarko Cheats on Chevron with Occidental?

(edited)

On 4/29/2019 at 1:22 AM, Marina Schwarz said:

 

This beats TV drama, honestly.

Not so.  Occidental had an offer on the table for Anadarko long before Chevron. A higher bid.

What they don't tell you is ANADARKO Board of Directors and ANADARKO EXECUTIVES increased their "golden parachutes" or buyout payouts to Execs in the event of a buyout AFTER OXY STARTED BUYOUT TALKS .  

THEY HAVE A SEC LEGAL PROBLEM. 

Then ANADARKO signed a deal with Chevron with a substantial $1BILLION BREAKUP FEE clause paid to Chevron if ANADARKO PULLS OUT OF DEAL after the Executive payout was in place hoping the OXY offer would not come public.

Something stinks here.  Can you say "Shareholder Lawsuit"

A court could negate the breakup fee or even the whole Chevron deal if Executive or Board of Directors malfeasance established.

ANADARKO shareholders hold all the cards. The shareholders most likely  won't file Lawsuit against ANADARKO Board and Executives if Chevron meets OXY $11 higher offer.

Most likely outcome.

 

 

Edited by Falcon
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2 minutes ago, Falcon said:

Not so.  Occidental had an offer on the table long before Chevron. A higher bid.

Very much so, precisely because of the previous string of offers from Occidental and the offer for Chevron.

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