On or around 07/23/2019 (Ongoing date of last review)
Filing Date: July 23, 2019
According to the Complaint, 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 Petroleum Corporation will be acquired by Occidental Petroleum Corporation.
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.
Company & Securities Information
Defendant: Anadarko Petroleum Corporation
Industry: Oil & Gas Operations
Headquarters: United States
Ticker Symbol: APC
Company Market: New York SE
Market Status: Public (Listed)
About the Company & Securities Data
"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.
In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
First Identified Complaint
John Thompson, et al. v. Anadarko Petroleum Corporation, et al.