The agreement could put an end to a bitter fight over Occidental’s ill-timed purchase of rival Anadarko Petroleum last year, a bet on the continued growth of U.S. shale. After closing that deal, the market turned against Occidental, with oil prices diving more than 60% this year as the global coronavirus outbreak cut oil demand and OPEC and Russia launched an oil-price war. If the settlement talks conclude successfully, Icahn associates Andrew Langham and Nicholas Graziano would get board seats, and Icahn would have a say in the naming of a third independent director, the source said. …read more
Source:: Yahoo Finance
