1. Oxy, Anadarko $38B Merger Clears Antitrust Hurdle

    Oxy, Anadarko $38B Merger Clears Antitrust Hurdle

    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 ...

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    1. The termination of the waiting period under the HSR Act satisfies one of the conditions to the closing of the pending acquisition, which remains subject to other customary closing conditions, including approval from Anadarko's stockholders. The acquisition is expected to close in the second half of 2019.
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