Nov
08
Apache Said to Get Takeover Approach for $18 Billion Company
By-
Apache rejected unsolicited offer and is working with Goldman
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Buyer couldn’t be identified, unclear if talks will resume
Apache Corp., the oil and natural gas company worth more than $18 billion, has received an unsolicited takeover approach, according to people familiar with the matter.
The Houston-based company rejected the initial offer and is working with financial adviser Goldman Sachs Group Inc. on defense, said the people, who asked not to be identified because deliberations are private. The potential buyer, who could not immediately be identified, sent a letter to Apache in the past few weeks and it’s unclear whether talks will resume, one of the people said…
Apache Said to Get Takeover Approach for $18 Billion Company
