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Occidental Petroleum is offering Euro 76 a share to Anadarko Petroleum as part of a half-cash, mid-market offer that values $ 57 billion worth of oil and gas drilling. Chevron announced on April 12 an agreement to buy Anadarko at $ 65 per share in a 75% and 25% cash share transaction. Paul Sankey, chief executive officer of Mizuho Securities, discusses the battle with CNBC's Power Lunch team.
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