Occidental Announces Early Termination of Hart-Scott-Rodino Waiting Period

Source Press Release
Company Occidental Petroleum CorporationAnadarko Petroleum Corp. 
Tags Corporate Deals, Deals, Pipelines/ tankers/ distribution, LNG & Gas Storage/Processing, Tight Gas & Liquids, Shale Oil, Shale Gas, Wolf Camp, Niobrara, Eagle Ford, Unconventional Resources, Upstream Activities
Date June 04, 2019

Occidental Petroleum Corporation (“Occidental” or “the Company”) (NYSE:OXY) announced that on June 3, 2019 the U.S. Federal Trade Commission granted early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (the “HSR Act”), with respect to the pending acquisition of Anadarko Petroleum Corporation (“Anadarko”) (NYSE:APC).

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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