An investigation on behalf of investors, who currently hold shares of Anadarko Petroleum Corporation (NYSE: APC), was announced concerning whether the takeover of Anadarko Petroleum Corporation is unfair to NYSE: APC stockholders.

The investigation by a law firm concerns whether certain officers and directors of Anadarko Petroleum Corporation breached their fiduciary duties owed to NYSE: APC investors in connection with the proposed acquisition.

The Woodlands, TX based Anadarko Petroleum Corporation engages in the exploration, development, production, and marketing of oil and gas properties. On April 12, 2019, Chevron Corporation (NYSE: CVX) announced that it has entered into an agreement with Anadarko Petroleum Corporation (NYSE: APC) to acquire all of the outstanding shares of Anadarko in a stock and cash transaction valued at $33 billion, or $65 per share.

However, given that at least one analyst has set the high target price for NYSE: APC shares at $80.00 per share and given that shares of Anadarko Petroleum Corporation (NYSE: APC) traded as recently as high as $76.70 per share in July 2018, the investigation concerns whether the offer is unfair to NYSE: APC stockholders. More specifically, the investigation concerns whether the Anadarko Petroleum Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.

Anadarko Petroleum Corporation reported that its annual Total Revenue rose from over $10.87 billion in 2017 to $12.9 billion in 0218 and that its Net Loss of $465 million in 2017 turned to a Net Income of $615 million in 2018.

Shares of Anadarko Petroleum Corporation (NYSE: APC) closed on $63.87 per share.