Anadarko to buy Freeport’s deepwater Gulf of Mexico assets for $2bn

Anadarko Petroleum said Monday after market close that it would buy deepwater Gulf of Mexico assets from Freeport McMoRan for $2-billion. It will pay for the acquisition through a new stock offering of 40.54-million shares, including an overallotment option, which is valued at $2.34-billion at Monday’s closing price of $57.79 a share.