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Goldman, Evercore to Earn $106 Million in Anadarko Deal Fees
Goldman, Evercore to Earn $106 Million in Anadarko Deal Fees
07 Jun 2019, 08:10 PM IST
(Bloomberg) -- Goldman Sachs Group Inc. and Evercore Inc. will each earn $53 million from their work advising Anadarko Petroleum Corp. on its acquisition by Occidental Petroleum Corp., the biggest global oil deal in four years.
The banks will receive the bulk of the payout once the deal is completed, according to a joint Securities and Exchange Commission filing Friday.
Occidental last month agreed to buy its U.S. rival in a $38 billion deal after almost two years of talks and a series of rebuttals from Anadarko Chief Executive Officer Al Walker.
To contact the reporter on this story: Kevin Crowley in Houston at kcrowley1@bloomberg.net
To contact the editor responsible for this story: Simon Casey at scasey4@bloomberg.net
©2019 Bloomberg L.P.
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