Anadarko Petroleum (APC) Down on Buying Freeport Assets

Anadarko Petroleum Corporation (NYSE: APC) shares faded 0.2% to $57.66, as the company announced the acquisition of Freeport-McMoRan Inc’s deepwater Gulf of Mexico assets for $2 billion. The company also reported an offering of 35.25 million shares of common stock. Share volume was 18.3 million, towering over an all-day average of 4.2 million