Occidental is sued by shareholders, bondholders over Anadarko merger

May 27, 2020 by  
Filed under News

Occidental Petroleum Corp has been sued by investors who claim they suffered billions of dollars of losses because the heavily indebted company concealed its inability to weather plunging oil prices, after paying $35.7 billion to acquire Anadarko Petroleum Corp.

Source: Reuters Business News

Comments are closed.