Anadarko pushes to quash massive Tronox payout
Published: Wednesday, 15 January 2014
Spinoff payout should be $850m, or at most $1.76bn, not $14.5bn, appeal says
Anadarko Petroleum Corp. said it should have to pay no more than $1.76bn in damages to Tronox creditors for an improper spinoff, not $14.5bn as was ruled by a judge in December.
In a filing to the US Bankruptcy Court on Monday, for its subsidiary Kerr-McGee Corp. (Kerr-McGee),...