Western Gas Resources Inc. shareholders have approved the sale of the company to Anadarko Petroleum Corporation.
In June, Houston-based Anadarko announced plans to buy both Western Gas and Oklahoma City-based Kerr McGee in an attempt to increase the company’s oil and gas holdings.
The company shareholders will receive $61 a share in cash from the $4.74 billion sale.
Earlier this month, shareholders of Kerr McGee approved a $16.4 billion sale to Anadarko.
The only remaining hurdle in Anadarko’s attempt to merge the three companies is approval from both federal and state regulators.