Benzinga on Monday reported that Chinese energy giant China Petroleum & Chemical Corp. (NYSE: SNP), frequently referred to as Sinopec, is considering a takeover of Anadarko Petroleum Corporation (NYSE: APC). Texas-based Anadarko is one of the largest independent U.S. producers of oil and natural gas.
Anadarko has a long history as a potential takeover target. In 2012, Anadarko was rumored to be a possible target for both Exxon Mobil Corporation (NYSE: XOM) and Chevron Corp. (NYSE: CVX), the two largest U.S. oil companies. Such a deal never came to fruition.
Still, if news of Anadarko as a takeover target persists and gains momentum, some exchange traded funds could benefit. And in what has been a dismal year for equity-based ETFs, these funds could use the help. With a market value of just under ...
/www.benzinga.com/trading-ideas/long-ideas/15/12/6066889/3-etfs-that-would-enjoy-an-anadarko-takeover alt=3 ETFs That Would Enjoy An Anadarko Takeover>Full story available on Benzinga.com
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