Algerian oil firm

Chevron acquires Algerian oil firm – Anadarko Petroleum American multinational energy corporation – Chevron, have recently signed a deal to buy Algerian oil firm – Anadarko Petroleum. The final terms of agreement entails that Chevron will acquire all of Anadarko Petroleum outstanding shares; in a stock and cash transaction valued at US$33 billion, or US$65/share. Anadarko petroleum is Algeria’s largest foreign oil producer, it also has operations in Ghana, Mozambique and South Africa. On completion of the acquisition; shareholders of…