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American oil and gas company Occidental Petroleum has sent a proposal to purchase a 100% stake at $76 per share to the board of directors of the American company Anadarko, specializing in the exploration and production of oil and natural gas. The offer made earlier by the American Chevron for the purchase of Anadarko assumed payment of $65 for each of its shares. The terms of the deal proposed by Occidental Petroleum are more beneficial for Anadarko, according to a letter sent to its board of directors. Occidental Petroleum intends to pay 50% in cash and the remaining 50% - in shares. Its valuation of the transaction is 57 billion dollars. The implementation of the transaction will provide an opportunity to create a world leader in the energy sector.
On Friday, the Chinese technology company ByteDance said that it would consider listing its domestic businesses in Hong Kong or Shanghai due to rising Sino-U.S. tensions. The company's standalone listing in Hong Kong or Shanghai might value ...
On Friday, Caterpillar Inc (CAT.N) announced a lower second-quarter profit because of the recession caused by the coronavirus outbreak. The decline was due to lower sales volume and changes in dealer inventories. During the second quarter ...
June had seen Japan’s wholesale prices dropping slower than May’s historic decline. This followed as commodity costs advanced and some of the virus-driven deflationary pressure eased on a rebound monitored in Chinese demand. The ...
China saw its factory gate data for June perform better than expected on Thursday morning. However, persistent deflation indicated that the impact from the COVID-19 pandemic still continues to linger. The data, released by the National Bureau ...
On Monday, Fujitsu Ltd. (6702.T) announced that it would halve its office space in Japan by March 2023 as it pushes for its 80,000 employees to work remotely amid the coronavirus outbreak. The IT solutions company said that its employees would ...
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