Anadarko backs Occidentals revised bid

MOSCOW (MRC) -- Anadarko Petroleum Corp said that its board backed a USD38 billion bid from Occidental Petroleum Corp, adding pressure on rival Chevron Corp to raise its offer or walk away from the takeover contest, said Hydrocarbonprocessing.Occidental submitted a new offer of USD76 per share to Anadarko on Sunday, structured as 78 percent cash and 22 percent stock, as opposed to an even

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