Chevron to buy Anadarko for $33 bln

Chevron Corp said on Friday it would buy Anadarko Petroleum Corp for $33 billion in cash and stock.

The offer of $65 per share represents a 39 percent premium to Anadarko's Thursday close.

The total enterprise value of the transaction is $50 billion. (Reporting by John Benny in Bengaluru; Editing by Sriraj Kalluvila)