1. Carl Icahn Takes Small Stake in Occidental Petroleum, Amid Bidding War for Anadarko

    Carl Icahn Takes Small Stake in Occidental Petroleum, Amid Bidding War for Anadarko

    Activist investor Carl Icahn has taken a small stake in Occidental Petroleum, people close to the matter told CNBC on Friday. The company is in the middle of a rare bidding war for Anadarko Petroleum, having bid $38 billion for its smaller rival. Chevron had previously bid $33 billion for Anadarko. Shares of Occidental jumped 2% in extended trading Friday, immediately following the news...

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