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WSJ: Sanchez might team with Blackstone to buy Anadarko Petro assets

Published 10/27/2016, 03:37 PM
WSJ: Sanchez might team with Blackstone to buy Anadarko Petro assets
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  • Sanchez Energy (SN +2.7%) is in talks to partner with Blackstone (NYSE:BX +1%) on a deal to purchase Anadarko Petroleum's (NYSE:APC +1.5%) south Texas oil and gas assets for $3B-$3.5B, WSJ reports.
  • Blackstone and the P-E firm’s GSO Capital Partners credit arm likely would fund or participate in the purchase, although the details are not known, according to the report.
  • Sanchez reportedly also has been in talks with Apollo Global Management (APO +1.5%) and energy-focused P-E firm EIG Global Energy Partners to participate in the bid.

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