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Murphy Oil (MUR +1.2%) enters a share-repurchase agreement with J.P. Morgan Chase to buy back...

  • Tuesday, December 11, 2012, 9:55 AM ET
    Murphy Oil (MUR +1.2%) enters a share-repurchase agreement with J.P. Morgan Chase to buy back $250M of its common stock, part of MUR's authorized program to buy back up to $1B of its shares. All MUR shares delivered under the accelerated share-repurchase transaction will be immediately retired.
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    Major changes to the capitalization of this company needs to be approved by the shareholders and holders of the debt securities. SEC take note. Under-the-table deals are to be avoided else hard time for Horton and crew!

    Pay off the bonds!
    11 Dec 2012, 03:49 PM Reply Like
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