Chevron to buy Anadarko. Mostly equity, with a little cash because- well, they can.  Game.  On.  

#hottakeoftheday

SAN RAMON, Calif., Apr. 12 /BusinessWire/ — Chevron Corporation (NYSE:CVX) announced today that it has entered into a definitive agreement with Anadarko Petroleum Corporation (NYSE:APC) to acquire all of the outstanding shares of Anadarko in a stock and cash transaction valued at $33 billion, or $65 per share. Based on Chevron’s closing price on April 11, 2019 and under the terms of the agreement, Anadarko shareholders will receive 0.3869 shares of Chevron and $16.25 in cash for each Anadarko share. The total enterprise value of the transaction is $50 billion.