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Friday, 06/23/2006 9:55:36 AM

Friday, June 23, 2006 9:55:36 AM

Post# of 173815
O&G Acquisitions- Wonder who will be the next acquisitions in the oil patch? Oil companies are flush with money and willing to spend it on the right target. Recently, there was an announcement to acquire MVK at a big premium. Now, Houston-based Anadarko will pay $16 billion in cash, or $70.50 per share, for Oklahoma City-based Kerr-McGee. That represents a 40 percent premium over Thursday's closing price of $50.30 on the New York Stock Exchange.
Anadarko also will pay $61, or $4.74 billion, to buy Western Gas Resources, an independent natural gas explorer, and will assume $560 million in debt. That cash offer represents a 49 percent premium over the company's closing stock price of $40.91 on Thursday."



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