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Murphy Oil (MUR) +7.3% premarket after announcing it will spin off its U.S. downstream business...
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Tuesday, October 16, 2012, 8:24 AM ETMurphy Oil (MUR) +7.3% premarket after announcing it will spin off its U.S. downstream business into an independent company. MUR also authorizes a $2.50/share special dividend and $1B share buyback program, and says it’s still working to divest its U.K. downstream operations and continuing to review options with respect to "selected assets."
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