Listen: Chevron, Occidental Petroleum And Bloomberg discussed on Bloomberg Businessweek
"Today. I major bidding war has broken out. No doubt about it in the Permian after being rebuffed several times Occidental Petroleum making public a thirty billion dollar offered by Anadarko petroleum as it looks to break up a proposed takeover offer by Chevron. I find this interesting. How this is all play out because it's a it's a very aggressive. It's not it's good to be the king. It's a very aggressive Bidin. It's going to be interesting. How in Dhaka handles it? The seventy six dollar per share cash and stock bid for the Texas based oil natural gas producer. It's twenty percent more than chevrons thirty three billion dollar agreement. So the gloves are off seven Casey is following it. All he's energy, America's team leader at America at Bloomberg news in our Bloomberg interactive brokers studio, where are we surprised that somebody else came out knowing? No, if you look at the Chevron bids was announced on April twelve and I think part from the first day everyday since then the Anadarko still has been trading slightly above that offer price. So it was it was it was in the price expecting for you. I mean facts on the morning of that deal. It was announced. We also reported that Occidental citing anonymous sources that Occidental had made an ova chill. So they just come and today. That's what that's what the news is so expecting Chevron to step up to the plate again. Well, perhaps. It's not a certain this is a Bloomberg market minute. After what"