Replies to post #8477 on The Rising Influence of Rising Affluence

[DewDiligence]

HES—The $2.87B* total deal size for the sale of the retail business to MPC exceeds what most HES investors were expecting. Moreover, HES is using the after-tax proceeds to increase its planned share buybacks by an additional $2.5B (from $4B to $6.5B):

http://finance.yahoo.com/news/hess-announces-sale-retail-business-111500523.html

*Including the assumption of capital leases values at $274B.

[DewDiligence]

MRO sells Norwegian North Sea assets for $2.1B, keeps UK business (for now):

http://dealbook.nytimes.com/2014/06/02/marathon-oil-to-sell-norwegian-business-for-2-1-billion

The exploration and production company Marathon Oil said on Monday that it would sell its North Sea oil business in Norway to a Norwegian oil producer for $2.1 billion in cash.

Marathon…also said it had called off the sale of its British business after failing to receive what it deemed an acceptable offer.