Anadarko Wins Antitrust Clearance for Kerr-McGee Acquisition

Anadarko Petroleum Corp. on Tuesday said that its proposed acquisition of Kerr-McGee Corp. has achieved U.S. antitrust clearance because the statutory waiting period required under the Hart-Scott-Rodino Antitrust Improvements Act expired without issuance of a second request by the U.S. Federal Trade Commission.

Anadarko expects to close the transaction as soon as practicable following Kerr-McGee shareholder approval at the special meeting set for Aug. 10.

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