Occidental Petroleum Corp said on Monday its latest bid to take over Anadarko Petroleum Corp was designed to make sure Anadarko’s board considers its offer superior to one from Chevron Corp, even though it could spark tensions with its own shareholders. Occidental is prodding Anadarko’s board to abandon its $33 billion merger agreement with Chevron. Occidental on Sunday increased the cash component of its $38 billion bid, removing a requirement to win the approval of Occidental shareholders. “We weren’t playing on a level playing field,” Occidental Chief Executive Officer Vicki Hollub said on a call with analysts on Monday morning. By raising the cash component, Occidental will not need approval from its shareholders. The company did not […]