Anadarko Withdraws Apache Bid; “Not a Good Fit,” Says Oppenheimer

Anadarko Petroleum (APC) is taking its all-stock offer for Apache (APA) and going home. The oil and gas giant disclosed today that it has withdrawn a recently-made buyout offer for its rival. In a prepared statement, CEO Al Walker said “efforts to enter into a mutually acceptable confidentiality agreement for the purpose of exploring the […]