Andarko To Buy Two Rivals

Anadarko Petroleum (APC) announced plans to acquire two rivals, Kerr-McGee (KMG) and Western Gas Resources (WGR). Shares of Kerr-McGee leaped $18.31 to close at $68.61 while Western Gas stock jumped $18.76 to close at $59.67. Anadarko Petroleum shares lost $3.49 to close at $44.90.