Energy Partners $2.2B bid trumps Plains
Small E&P independent agrees to acquire troubled Stone Energy following bidding war with upwardly mobile, Houston-based Plains
By Ray Tyson
For Petroleum News
Energy Partners Ltd, a small exploration and production independent in a hurry to get bigger, has agreed to acquire troubled Stone Energy for $2.2 billion in cash, stock and debt assumption, following a spirited bidding war with another upwardly mobile E&P independent, Plains Exploration & Productio....
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June 23 deadline
Auditor critical of Stone
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