Anadarko Withdraws Offer to Buy Apache After Terms Were Rejected

Updated on
  • Anadarko made an all-stock, non-binding bid for rival
  • Major oil companies have half-trillion dollars in cash, shares

An Anadarko Petroleum Corporation rig in Fort Lupton, Colorado.

Photographer: Jamie Schwaberow/Bloomberg

Apache Corp.’s rejection of a takeover offer from Anadarko Petroleum Corp. leaves both energy explorers vulnerable to acquisition.

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