Statoil commences tender offer for Brigham

By OGJ editors

Statoil ASA on Oct. 28 said it has commenced its tender offer for Brigham Exploration Co. at a price of $36.50/share.

Earlier this month, Statoil and Brigham announced a definitive $4.4 billion merger agreement (OGJ, Oct. 24, 2011, p. 24).

Statoil and Brigham both filed documents with the US Securities and Exchange Commission. Brigham’s board recommends shareholders accept the offer.

The offer and withdrawal rights are scheduled to expire Nov. 30, unless extended or earlier terminated.

Related Articles

NGSA asks Congress to pass bills facilitating LNG exports

03/27/2014 The Natural Gas Supply Association called on Congress to support legislation that would facilitate more LNG exports. “Exporting LNG overseas will h...

IHS: Western sanctions indirectly could hinder Russian oil, gas revenues

03/27/2014 Western sanctions imposed against Russian government officials and business executives regarding Russia’s conflict with Ukraine could slow the avai...

US, European energy leaders to discuss gas diversification measures

03/27/2014 Top US government energy officials and their counterparts from other G7 nations will meet early next week to discuss reducing Europe’s heavy relian...

EIA: Cushing inventories down 32% over the last 2 months

03/27/2014 According to the US Energy Information Administration, crude oil inventories at Cushing, Okla., the primary crude oil storage location in the US, d...

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!

 

Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected