InvestorsHub Logo
icon url

OilStockReport

10/25/11 9:21 PM

#233 RE: btrain #232

Bunch of greedy lawyers is all. Great deal.

Norwegian oil giant Statoil(STO) has agreed to buy Brigham Exploration(BEXP) for $36.50 in an all cash deal. The deal values Brigham at roughly $4.4 billion and is a more than 20% premium to its Friday close.