(Reuters) - HOUSTON, July 17 - Independent oil and gas
producer Plains Exploration & Production Co. plans to
buy peer Pogo Producing Co. for about $3.44 billion in
stock and cash, in a deal aimed at wringing more value from
production assets, Plains said on Tuesday.
Hedge fund Third Point LLC took a stake in Pogo last year
and demanded that the company put itself up for sale.
Read more at Reuters.com Market News
producer Plains Exploration & Production Co. plans to
buy peer Pogo Producing Co. for about $3.44 billion in
stock and cash, in a deal aimed at wringing more value from
production assets, Plains said on Tuesday.
Hedge fund Third Point LLC took a stake in Pogo last year
and demanded that the company put itself up for sale.
Read more at Reuters.com Market News
No comments:
Post a Comment