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Oxy, Anadarko $38B Merger Clears Antitrust Hurdle

Offshore Energy Today

Occidental Petroleum’s $38 billion acquisition of rival Anadarko has moved closer to completion it has the U.S. antitrust regulators have given it an approval. A Gulf of Mexico platform / Image source: Anadarko Occidental informed on Tuesday the U.S. Federal Trade Commission had granted early termination of the waiting period under the HSR Antitrust Improvements Act of 1976, thus concluding the antitrust review of the proposed transaction in the U.S. “The termination of the waiting period under the HSR Act satisfies one of the conditions to the closing of the ...

Mentions: Warren Buffet Berkshire Hathaway Carl Icahn