Occidental is said to be considering options - sources
There was another bid for Anadarko Petroleum, the oil and gas explorer which Chevron said it was buying for $65 a share in cash and stock on Friday.
div > div.group > p:first-child"> Occidental Petroleum bid more than $70 a share for Anadarko in cash and stock earlier, sources tell CNBC, but the company ultimately decided to go with Chevron. The Occidental bid contained more cash than the Chevron offer and would have required a shareholder vote, the sources said.
Occidental is now considering its options. The Chevron-Anadarko break-up fee is said to be 3% of the deal price, sources said.
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