The Traderszone Network

Published in TZ Latest News 10 November, 2015 by The TZ Newswire Staff

Anadarko approached Apache with offer that was rejected: source

U.S. oil and gas exploration and production company Anadarko Petroleum Corp (APC.N) has approached Apache Corp (APA.N) with a potential acquisition as low crude oil prices prompt companies to seek merger partners, according to a person familiar with the matter. The prolonged slump in crude oil prices has stirred talk of consolidation among U.S. shale companies, however so far no mega deals have been struck as bids and offers remain wide apart and financing is still available for most producers as they try to stay independent.

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