SpinOffs Message Board - Msg: 22380191

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : SpinOffs

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: 249443 who wrote (48)	4/22/2006 1:12:00 AM
From: 249443	of 85

Penn West to buy Petrofund Trust for C$3.1 bln today.reuters.com By Scott Haggett Mon Apr 17, 2006 1:07 PM ET CALGARY, Alberta, April 17 (Reuters) - "Penn West Energy Trust (PWT_u.TO) has agreed to buy rival Petrofund Energy Trust (PTF_u.TO) for about C$3.1 billion ($2.7 billion) in cash and units, creating Canada's second-largest energy trust with the heft to boost production while maintaining monthly payments to investors. The deal, announced late Sunday, will create a trust with daily production of about 135,000 barrels of oil equivalent with an expected market capitalization of nearly C$10 billion. When the merger is complete, Penn West also plans to spin off a small conventional oil company owned by its unitholders...."

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next