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

|About: Murphy Oil Corporation (MUR)|By:, SA News Editor

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.