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DewDiligence

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Re: Timothy Smith post# 10749

Monday, 08/21/2017 5:09:12 PM

Monday, August 21, 2017 5:09:12 PM

Post# of 29591
TOT acquires Maersk Oil in $7.5B deal:

https://finance.yahoo.com/news/total-buy-maersk-oil-gas-065629211.html

Total will pay Maersk with $4.95 billion of its own shares and assume $2.5 billion of the Copenhagen-based company’s debt, according to a statement on Monday. The full transaction value of $7.45 billion is above what some analysts were expecting and Maersk shares jumped as much as 5.7 percent following the announcement.

TOT is reportedly also assuming Maersk’s $3B decommissioning liability pertaining to North Sea fields.

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