Anadarko takeover by Exxon is unlikely, J.P. Morgan says

|About: Anadarko Petroleum Corporation (APC)|By:, SA News Editor

An Anadarko Petroleum (APC) takeover by Exxon Mobil (XOM), as rumored yesterday, is unlikely, J.P. Morgan says.

APC listed its net asset value in March at above $140/share, and the firm thinks management could require a premium to net asset value in a corporate takeover.

JPM believes a more likely scenario is APC undertaking accretive transactions, including the monetization of assets.

APC -0.8% premarket.