Norway's Statoil (STO) has agreed to buy the outstanding shares in U.S. oil firm Brigham...


Norway's Statoil (STO) has agreed to buy the outstanding shares in U.S. oil firm Brigham Exploration (BEXP) for $4.4B in a deal that values the latter at $4.7B. The offer of $36.50 a share represents a 20% premium to Brigham's close on Friday. (PR)

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Comments (5)
  • TruffelPig
    , contributor
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    Oh no, BEXP bought? Wow. Too low.
    17 Oct 2011, 06:55 AM Reply Like
  • Joe Morgan
    , contributor
    Comments (1608) | Send Message
     
    I really don't care about the price too much. I just made a substantial profit in just a couple of weeks of holding the stock.
    17 Oct 2011, 07:04 AM Reply Like
  • mikehunter
    , contributor
    Comments (2) | Send Message
     
    I question the amount of premium. Could be a better deal for the acquirers.
    18 Oct 2011, 06:55 PM Reply Like
  • stgerje
    , contributor
    Comments (3) | Send Message
     
    Way too cheap. Based on the past year of drilling data from north Dakota their recoverable reserves are closer to 800 million (not the 500 million reported in the ft). Really a horrible deal for shareholders
    18 Oct 2011, 07:42 PM Reply Like
  • mikehunter
    , contributor
    Comments (2) | Send Message
     
    Studied and played the Bakken for almost 3 years. Especially interested in Brigham, Northern Oil and Gas, and Kodiac. Interesting area to visit, especially the Berthold Reservation and surrounding area.
    18 Oct 2011, 11:51 PM Reply Like
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