COMPANY NEWS - Gaz de France, Suez boards agree to merger agreement

Gaz de France (GdF) and the energy and environmental services conglomerate Suez, both of Paris, have agreed to merge.Boards of the companies have approved a friendly merger via an exchange of stock and payment of an exceptional dividend of €1.25 billion by Suez to its shareholders, forming a company with total revenue of €64 billion/year. The exchange ratio after the dividend will be 1:1, representing a premium to GdF shareholders of 3.9% as of Feb. 24, the companies said.Both companies have growing LNG businesses.In other recent company news:• Marubeni Offshore Production (USA) Inc., agreed to buy deepwater Gulf of Mexico assets from Pioneer Natural Resources Co. for $1....

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