Anadarko Petroleum (APC +3%) spikes higher following a Reuters report that the company will take...

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

Anadarko Petroleum (APC +3%) spikes higher following a Reuters report that the company will take part in settlement talks with former subsidiary Tronox Trust. Tronox, which filed for bankruptcy in 2009, is suing Anadarko for $25B on behalf of the EPA and other creditors, who claim Anadarko transferred funds belonging to creditors out of Tronox prior to the filing.