According to the Complaint, Anadarko Petroleum Corporation ("Anadarko") explores for, acquires, and develops oil and natural gas resources vital to the world’s health and welfare.

This action stems from a proposed transaction announced on May 9, 2019, pursuant to which Anadarko will be acquired by Occidental Petroleum Corporation ("Occidental").

On May 9, 2019, Anadarko’s Board of Directors caused the Company to enter into an agreement and plan of merger with Occidental. Pursuant to the terms of the Merger Agreement, Anadarko’s stockholders will receive $59.00 in cash and 0.2934 of a share of Parent common stock for each share of Anadarko common stock they own.

On July 11, 2019, Defendants filed a proxy statement with the United States Securities and Exchange Commission in connection with the Proposed Transaction, which scheduled a stockholder vote on the Proposed Transaction for August 8, 2019. The Complaint alleges that the Proxy Statement omits material information with respect to the Proposed Transaction, which renders the Proxy Statement false and misleading.

This case was voluntarily dismissed on December 17, 2019.