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Incredible Card Offers 0% Interest Until June 2020
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Chevron is paying $33 billion for Anadarko Petroleum
Chevron will buy Anadarko Petroleum for $33 billion in a cash-and-stock deal as the company seeks to grow stronger in deep water exploration in the gulf and the energy-rich southwest region of Texas called the Permian Basin.The deal, announced Friday, arrives with U.S. crude prices up 40% this year.The companies put the enterprise value of the deal at $50 billion."This transaction builds strength on strength for Chevron," said Chairman and CEO Michael Wirth.
Associated Press
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5 Things You'll Regret Not Doing Sooner To Cut Expenses
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Rite Aid slashes outstanding shares to hit NYSE minimum
Rite Aid will chop its share count by about 95% to make the remaining shares valuable enough to stay on the New York Stock Exchange. The struggling drugstore chain's board has approved a 1-for-20 ratio for a reverse stock split that shareholders backed in a vote last month. That will cut the company's share count from nearly 1.1 billion to about 54 million.
Associated Press
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