Anadarko Petroleum is preparing to approve a $ 55 billion hostile rate from its competitor Occidental Petroleum, which threatens the sale of Chevron's main oil, according to people who have this problem.
The Texas-based oil and gas company is expected to make an announcement this week after its committee has determined that cash and stock offer from the Occidental exceeds the $ 50bn deal this agreed at the beginning of April with Chevron.
Anadark's decision to approve the offer of a Western event would be a rare victory for hostile applicants, which are often discarded. Anadarko last week admitted he received an offer from Occidental, a few weeks after he declined advances from the takeover of the group.
Anadarko can not be immediately reached for comment, but last week he said that "carefully review Occidental's proposal to determine the course of action that he thinks is in the interests of the company's shareholders."
Occidental, one of the largest American oil and gas companies that offered to pay Anadarko shareholders $ 76 per share, a 22 percent premium to the Chevron rate, which costs about $ 63 per share.
The Occidental rate was evenly divided by cash and shares. Chevron has offered to pay 0.39 shares and $ 16.25 in cash for each share of outstanding Anadarko. Anadarko agreed to pay Chevron $ 1bn if he leaves the deal
It is unclear whether Chevron will increase its stake on Anadarko. Nevertheless, people who know what oil workers are thinking say Chevron is unlikely to enter into a bidding war for assets, reports the Financial Times. Chevron previously refused to raise the stake when he heard that Occidental offered Anadarko more than $ 70 per share.
The agreement would give the West a valuable area of shale oil, as well as assets in the Gulf of Mexico and a project on natural gas in Mozambique. This would be the biggest and most daring stake manager at Occidental Vicky Hollow.
"It's much more synergistic to us than any other company that can look at it," Mrs. Holub said last week.
Interest Occidental came out a few minutes after Anadarko announced the sale of Chevron earlier this month, but analysts then warned that they did not see Mrs. Hollub outnumber her big rival.
Mrs. Holub has promised to sell assets worth up to $ 15 billion if an agreement on Adoption of Anadarko, partially in order to win from Western shareholders, who must sign an agreement on cash and shares