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Occidental Petroleum Corporation (NYSE: OXY) Noteholder Alert: Investigation over possible Violations of Securities Laws

06-09-2020 04:59 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

An investigation for investors in notes sold by Occidental Petroleum Corporation (NYSE: OXY) was announced.

An investigation for investors in notes sold by Occidental Petroleum Corporation (NYSE: OXY) was announced.

An investigation on behalf of investors in notes sold by Occidental Petroleum Corporation (NYSE: OXY) over potential securities laws violations by Occidental Petroleum and certain of its directors and officers in connection with certain financial statements was announced.

Investors who purchased shares of Occidental Petroleum Corporation (NYSE: OXY), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm focuses on possible claims on behalf of purchasers of bonds sold of Occidental Petroleum Corporation (NYSE: OXY) concerning whether a series of statements by Occidental Petroleum Corporation (NYSE: OXY regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

In May 2019, Anadarko Petroleum Corporation announced that it had terminated its merger agreement with Chevron Corporation and had entered into a definitive merger agreement with Occidental Petroleum Corp. Under this agreement, Occidental will acquire all of the outstanding shares of Anadarko for consideration consisting of $59.00 in cash and 0.2934 of a share of Occidental common stock per share of Anadarko common stock, in a transaction valued at $57 billion.

In order to fund the takeover Occidental Petroleum Corp sold over $24 billion worth of notes to investors in August 2019.

In August 2019, Occidental Petroleum Corp announced that it completed its acquisition of Anadarko Petroleum Corporation.

Shares of Occidental Petroleum Corporation (NYSE: OXY) declined from $83.30 per share in October 2018 to as low as $12.67 per share on June 1, 2020.

Those who purchased shares of Occidental Petroleum Corporation (NYSE: OXY) have certain options and should contact the Shareholders Foundation.

Media Contact:
Christopher Clausen
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

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