YOUR BUSINESS AUTHORITY

Springfield, MO

Log in Subscribe

Icahn sues Occidental over Anadarko takeover

Posted online

Billionaire Carl Icahn filed suit against Occidental Petroleum for its planned purchase of Anadarko Petroleum.

Icahn claims the deal, valued at $57 billion, including debt, is overpriced and "misguided."

Icahn, whose firms own about $1.6 billion of Occidental stock, said in the suit the purchase price was "sky high" and the deal "raises very real questions about the competence" of the company's management and board.

Read more from CNN Business.

Comments

No comments on this story |
Please log in to add your comment
Editors' Pick
Business Spotlight: Urban Grounds serves up coffee, community

At Urban Grounds LLC in Ozark, an unlikely pair – coffee and plants – has been creating opportunities for unlikely connections to grow since its opening in August 2022.

Most Read
Update cookies preferences