4 Mergers and Acquisitions Stock Stories Making Monday Headlines
Anadarko Petroleum Corp. (NYSE:APC): Current price $91.02
Anadarko said Monday it will divest a 10 percent interest in Mozambique’s Offshore Area 1 to ONGC Videsh Ltd., a wholly owned subsidiary of Oil and Natural Gas Corporation Ltd., for $2.64 billion in cash. Anadarko will stay the operator of Area 1 with a working interest of 26.5 percent. The transaction should close around the end of the year.
Are these stocks a buy or sell? Let us help you decide. Check out our Stock Picker Newsletter now.