Denver-based Western Gas Resources is to be bought by Houston-based oil and gas producer Anadarko Petroleum for $5.3 billion in cash and debt.
Anadarko Petroleum paid a 49 percent premium over the market value for Western, Colorado's largest energy company.
Anadarko will also pay $18 billion to acquire Kerr-McGee of Oklahoma City. If both deals are approved by regulators and shareholders, Anadarko will become the nation's largest independent oil and natural gas producer with substantial footpr
The week on Risk.net, October 6-12, 2017Receive this by email