Company News: Burlington plans $2.1 billion Canadian Hunter purchase

A rash of recent international mergers and joint ventures have created a number of new companies that expect to advance their interests worldwide.In one major acquisition, Houston-based Burlington Resources Inc. has offered to buy the stock of Calgary-based Canadian Hunter Exploration Ltd. for $2.1 billion, positioning the US firm solidly in Canada's Deep Basin area and other major Canadian producing areas and gaining a "crown jewel" of natural gas assets. Amid other operating company merger and JV news:ChevronTexaco Corp. has received approval from Chevron stockholders for the merger of Chevron Corp. with Texaco Inc., comprising operations that now constitute one of the largest integ...

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