Company News: Occidental to acquire Vintage for $3.8 billion

Occidental Petroleum Corp. last month agreed to acquire Tulsa independent Vintage Petroleum Inc. for $3.8 billion and the assumption of $550 million of Vintage debt. Oxy expects to finance the acquisition-and a 9 million Oxy share stock repurchase program-from $1.7 billion of cash on hand as of Sept. 30 plus additional cash generated in the fourth quarter. Vintage is expected to have $225 million in cash at yearend.In other recent company news:• A subsidiary of Calgary independent Talisman Energy Inc. agreed to acquire British producer Paladin Resources PLC for $2.5 billion (Can.). Talisman Energy Resources Ltd. plans to invest more than $1 billion on Paladin acreage during 3 years...

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