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COPYRIGHT 2007 Hart Publications, Inc.
Last year, Anadarko acquired Kerr-McGee for $16.4 billion and Western Gas for $4.7 billion in cash.
"By the time we went to the Anadarko board for final approval to make offers to Kerr-McGee and Western Gas, we already had a list of potential legacy Anadarko divestment candidates. That allowed us to announce that we were divesting our Canadian operations shortly after we announced those two acquisitions," Jackson said.
The Anadarko team decided that debt financing was going to be its preferred funding strategy, she said, and with the magnitude of...
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