Including the assumption of Anadarko’s debt, the value of Thursday’s transaction is valued at $55 billion… More than 99% of the shares voted at the Special Meeting were in favor of the Occidental merger agreement. These exchanges can generate taxable gain if the amount of the received security and cash exceeds the cost basis of the originally held security. Occidental Petroleum Corp. entered a merger agreement with Anadarko Petroleum Corp. on May 9, bringing to an end Occidental’s pursuit for The Woodlands, Texas-based independent that included a takeover battle with oil major Chevron Corp. Anadarko shareholders are receiving $59.00 in cash and 0.2934 shares of Occidental … and Baseball Merger Sub 1, Inc., an indirect wholly owned subsidiary of Occidental, entered into a merger agreement that provides, upon the terms and subject to the conditions set forth therein, for Anadarko to become an indirect wholly owned subsidiary of Occidental (the ‘‘merger’’). Receiving $59.00 per share would exceed my current investment in Anadarko; however, if I price the .2496 Occidental shares at their current market price, the value of the transaction is roughly equal to the current market value of my Anadarko holdings. "Occidental is a leader in using technological innovation to create value, and we will deploy our expertise to enhance the performance and productivity of Anadarko… Anadarko Petroleum (NYSE:APC) shareholders will vote Aug. 8 on the company's planned $38B sale to Occidental Petroleum (NYSE:OXY). A deal to combine Anadarko Petroleum and Occidental Petroleum is moving to the approvals phase. I did a transaction for each line on the statement reflecting the cost basis as well. Schwab's treating Anadarko as a complete sale with a reportable gain/loss as described in the 8937 Attachment, Part II, Question 16, 1st Paragraph, with a OXY FMV of $46.30 for whole shares received. Doing this did complete the information for the spinoff. Understanding the Transactions after a Cash/Stock Merger Corporations sometimes create merger transactions that exchange both cash and shares of one stock for the shares of a currently held stock. The closing of the transaction follows a special meeting held earlier today by Anadarko’s shareholders, where more than 99% of the shares voted in favor of the Occidental merger. Occidental Petroleum Corporation (“Occidental” or “the Company”) (NYSE: OXY) today announced the successful completion of its acquisition of Anadarko Our proposal represents a premium of approximately 20% to the $63.46 per share value of Chevron's offer as of yesterday’s close. Frac shares sold. Anadarko Petroleum shareholders approved a $38 billion takeover bid by Occidental Petroleum (Oxy) on 8 August, marking the completion of the acquisition process that began in May. Anadarko also announced that prior to entering into the merger agreement with Occidental, the Company terminated its previously announced merger agreement with Chevron Corporation CVX, -9.95%. Now I have 516 sh Disney and 166 Fox. I had 350 sh disney and 500 sh fox. Occidental Petroleum completed its roughly $38 billion acquisition of Anadarko Petroleum Thursday in a mega deal that combines two of the … Real time Anadarko Petroleum (APC) stock price quote, stock graph, ... Anadarko accepted Occidental's buyout bid, and the only marijuana-derived drug approved in the U.S. is seeing success. More than 99% of the shares voted at the Special Meeting were in favor of the Occidental merger agreement. Occidental is hereby proposing to acquire Anadarko for $76 per share, comprised of $38 in cash and 0.6094 shares of Occidental common stock per Anadarko share. Report of Organizational Actions Affecting Basis of Securities On August 8, 2019, Occidental Petroleum Corporation (“Occidental”), Baseball Merger Sub 1, Inc., a newly formed Delaware corporation and an indirect, wholly-owned Subsidiary of Occidental (“Merger Subsidiary”), merged with and into Anadarko Anadarko to merge with Union Pacific Resources Apr 03, 2000 02:00 AM Anadarko Petroleum and Union Pacific Resources Group announced a merger that will create one of the largest independent exploration and production companies in the world in terms of 1999 reserves, production and drilling activity. Shareholders representing more than 99% of Anadarko’s stock voted in favor of the merger agreement. I had only a single lot of Anadarko simplifying gain/loss calculations.