Kerr-McGee Announces Merger into Anadarko in All Cash Transaction
"This compelling offer represents a 40% premium to closing stock price at 22nd of June and immediately recognizes the value of Kerr-McGee's strategy and assets for our shareholders," said Luke R. Corbett, Kerr-McGee chairman and chief executive officer. "The merger with Anadarko combines two companies with similar strategies and creates the largest U.S.-based independent exploration and production company.
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