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Murphy Oil's (MUR +7.8%) move to spin off its U.S. fuel-making and distribution business into a...
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Tuesday, October 16, 2012, 11:58 AM ETMurphy Oil's (MUR +7.8%) move to spin off its U.S. fuel-making and distribution business into a new company could unlock up $5/share in trapped enterprise value, Simmons analysts say, and “could be a sign for more aggressive moves to continue to improve the valuation in shares (more aggressive divestments, for example)." Chalk up at least one item, and maybe two, on Dan Loeb's wish list.
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