Oxy pays big bucks for VintageOccidental Petroleum sets merger value $3.8B, 33% premium over stock price; deal includes coveted Argentine, California assets Ray Tyson Petroleum News Contributing Writer
Occidental Petroleum, breaking with its tradition of buying individual assets rather than whole companies, plans to acquire exploration and production independent Vintage Petroleum in a merger valued at $3.8 billion — a handsome 33 percent premium to the price of Vintage stock at the time the deal w....
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Assets will be incorporated Oxy plans to increase production
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