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Anadarko Might ‘Be On The Brink Of A Takeover’

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June 13, 2014

Anadarko Petroleum Corp. (NYSE: APC) jumped to a record high on speculation that it may be on the brink of a takeover, according to Bloomberg June 11.

Anadarko climbed 4.2% to $108.32 at the close in New York after theflyonthewall.com reported “takeover chatter” June 11 surrounding The Woodlands, Texas-based company. Anadarko’s settlement of a long-running pollution case in April helped clear the way for suitors for a company that has long been viewed as a likely target for one of the major international oil companies such as ExxonMobil Corp. (NYSE: ...

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