On Thursday, BreitBurn Energy Partners (BBEP) announced an acquisition along with its quarterly earnings results. The company is buying QR Energy (NYSE:QRE) in a deal that is worth as much as $3 billion. The acquisition will be paid with stocks and the transaction will be rather simple since the two companies have similar share price (as of right now, BreitBurn's share price is roughly $22 and QR Energy's share price is close to $21 after it jumped in double-digits as a result of the announcement).
The shareholders of QR Energy will receive 0.9856 shares of the BreitBurn for each share they possess. The two companies will have a combined market value of $7.8 billion, and this will be...
|FREE||SA PRO MEMBERS|
|IDEA GENERATOR||X||Exclusive access to 10 PRO ideas every day|
|INVESTING IDEAS LIBRARY||X||Exclusive access to PRO library of more than 15,000 ideas|
|SECTOR EXPERT NETWORK||X||Exclusive access to all sector experts for direct consultation|
|PERFORMANCE TRACKING||X||Track performance of all PRO stock ideas|
|PROFESSIONAL TOOLS||X||Professional Idea Filters to zero-in based on industry, market cap and more|