Apache'S

Apache Pressured to Sell Off International Portfolio, Focus Strictly on U.S. Onshore

Apache Pressured to Sell Off International Portfolio, Focus Strictly on U.S. Onshore

Jana Partners LLC now holds an estimated $1 billion-plus stake in Apache Corp., leverage that the activist hedge fund wants to use to pressure the super independent to sell off all of its international holdings, including in Canada, to focus exclusively on U.S. onshore opportunities.

July 22, 2014