LONDON: Oil giant Royal Dutch/Shell Group is weighing a £12bil bid for US oil exploration and production company Anadarko Petroleum Corp, The Sunday Times of London reported.
Industry sources said last month that Anadarko had employed Credit Suisse First Boston to negotiate with potential bidders. The US firm, which is restructuring to save US$100mil annually, is considered attractive because of its strong natural gas operations in America. – Reuters
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