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Chevron Corporation (Chevron) offers to buy the voting stock of the Anadarko Petroleum Corporation (Anadarko) with the intention of acquiring Anadarko and changing its


  

Chevron Corporation (Chevron) offers to buy the voting stock of the Anadarko Petroleum Corporation (Anadarko) with the intention of acquiring Anadarko and changing its management. To avoid being taken over by Chevron, Anadarko asks the Occidental Petroleum Corporation (Oxy) to outbid Chevron. In this situation, is the target; is a hostile bidder; and is a white knight.

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