(Reuters) - When announced, the deal valued Pogo at about $60 per
share, a premium of 19 percent over its closing stock price on
Monday. But Plains shares fell in early trading, lowering the
value of the deal to around $58.24 per Pogo share.
The combined company will have proved reserves of 635
million barrels of oil equivalent, and total estimated reserve
potential -- which includes probable and possible reserves --
of 1.4 billion barrels of oil equivalent.
Read more at Reuters.com Bonds News
share, a premium of 19 percent over its closing stock price on
Monday. But Plains shares fell in early trading, lowering the
value of the deal to around $58.24 per Pogo share.
The combined company will have proved reserves of 635
million barrels of oil equivalent, and total estimated reserve
potential -- which includes probable and possible reserves --
of 1.4 billion barrels of oil equivalent.
Read more at Reuters.com Bonds News
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