Seeking Alpha

Murphy Oil (MUR +2.7%) moves higher after activist hedge fund Third Point wins U.S. antitrust...

Murphy Oil (MUR +2.7%) moves higher after activist hedge fund Third Point wins U.S. antitrust approval to buy an unspecified stake in the company. MUR has climbed 5% since Third Point's Dan Loeb told the fund's investors that shares could be 60% higher if the company would take steps such as selling fuel stations and other downstream operations.
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