Company News: Amerada Hess to acquire Lasmo in $3.5 billion deal

The merger frenzy among oil and gas companies continues apace-with recent weeks' announcements not bucking the trend.Amerada Hess Corp., headquartered in New York City, reached an agreement early last week with London-based Lasmo PLC to acquire the firm in a cash and stock deal valued at about $3.5 billion, Amerada Hess said.Stone Energy Corp., Lafayette, La., and Basin Exploration Inc., Denver, unveiled plans Oct. 30 for the companies to merge operations in a stock-for-stock transaction valued at $410 million.EuroGas Inc., London, and US-based Teton Petroleum Co. have agreed to extend their merger discussions through Dec. 31, beyond the Nov. 1 deadline previously established in an Au...

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