Anadarko to Resume Talks With Occidental on $38 Billion Takeover

The Anadarko Board is reconsidering its options between Chevron and Occidental's bids. Despite a $1 billion breakup fee with Chevron, Occidental's offer appears financially superior. However, concerns about Occidental's financial stability and ability to finance the deal persist. Anadarko's shares have been trading higher than Chevron's offer, prompting investors to call for a comprehensive review. The attractiveness of shale assets in the Permian Basin may invite additional bids.

What is the significance of the $1 billion breakup fee mentioned in the context of the bids?

Why might other companies be interested in bidding for Anadarko's assets?