Anadarko confirms Apache rejected all-stock buyout offer Add to ..

November 11, 2015 3:10 PM

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Anadarko Petroleum Corp confirmed that it had offered to buy oil producer Apache Corp in an all-stock deal, but the offer had been rejected without discussions.

Apache shares fell 6 per cent in premarket trading on Wednesday, while Anadarko shares rose 2 pct.

Also read: Toshiba sees $3.7 bln balance sheet improvement from Westinghouse deal

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