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HOUSTON
--(BUSINESS WIRE)--May. 11, 2009--
Anadarko Petroleum Corporation (NYSE:APC) today announced a registered
underwritten public offering of 30 million shares of its common stock.
Anadarko will grant the underwriters a 30-day option to purchase up to
4.5 million additional shares of its common stock. Net proceeds from the
offering are expected to be used for general corporate purposes,
including future capital expenditures.
UBS Investment Bank and Barclays Capital are acting as joint
book-running managers for the offering. The offering will be made only
by means of a prospectus and related prospectus supplement, copies of
which may be obtained from: UBS Investment Bank, 299 Park Avenue, New
York, New York 10171, Attention Prospectus Department (phone:
888-827-7275) and Barclays Capital, c/o Broadridge Integrated
Distribution Services, 1155 Long Island Avenue, Edgewood, New York
11717; Barclaysprospectus@broadridge.com
(phone: 888-603-5847). An electronic copy of the prospectus and
prospectus supplement is available from the U.S. Securities and Exchange
Commission's Web site at www.sec.gov.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of, these
securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of such state or jurisdiction.
The offer is being made only through the prospectus as supplemented,
which is part of a shelf registration statement that became effective on
September 8, 2006.
This news release contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933 and Section 21E of
the Securities Exchange Act of 1934. Anadarko believes that its
expectations are based on reasonable assumptions. No assurance, however,
can be given that such expectations will prove to have been correct. A
number of factors could cause actual results to differ materially from
the projections, anticipated results or other expectations expressed in
this news release, including Anadarko's ability to successfully close on
the offering identified in this news release. See 'Risk Factors” in the
company's 2008 Annual Report on Form 10-K and other public filings and
press releases. Anadarko undertakes no obligation to publicly update or
revise any forward-looking statements.
Source: Anadarko Petroleum Corporation
Anadarko Petroleum Corporation
MEDIA:
John
Christiansen, 832-636-8736
john.christiansen@anadarko.com
or
Matt
Carmichael, 832-636-2845
matt.carmichael@anadarko.com
or
INVESTORS:
John
Colglazier, 832-636-2306
john.colglazier@anadarko.com
or
Chris
Campbell, CFA, 832-636-8434
chris.campbell@anadarko.com