Silicon Investor (SI) -- The First Internet Community

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.

Gold/Mining/Energy : Canadian Oil & Gas Companies -- Ignore unavailable to you. Want to Upgrade?

To: Richard Saunders who wrote (7667)	10/4/2000 10:49:52 PM
From: Cal Gary	Respond to of 24900

BAU: Hi Richard and nice observation. Murphy got a great deal, IMHO. Only 2.15 + debt. They do need 2/3 of shares tendered plus other usual conditions. Obviously this is the best offer they can get. Pay day none the less. PS Thanks for your help on this one.

To: Richard Saunders who wrote (7667)	10/5/2000 1:30:36 AM
From: Richard Saunders	Respond to of 24900

revised link to BAU-tse Beau Canada News Release cdn-news.com Murphy Oil Corporation and Beau Canada Exploration Ltd. Announce Agreement of Murphy to Acquire Beau Canada Shares CALGARY, ALBERTA--Murphy Oil Corporation ("Murphy") (NYSE: MUR) and Beau Canada Exploration Ltd. ("Beau Canada") (TSE: BAU) today jointly announced that they have entered into an agreement under which Murphy will make an offer of $2.15 (Cdn) per share in cash for all of the issued and outstanding common shares of Beau Canada. The aggregate value of the Offer is approximately $381 (Cdn) million, including assumed indebtedness of Beau Canada of approximately $183 (Cdn) million at September 30, 2000. The Offer represents a 27% premium over Beau Canada's closing price of $1.69 (Cdn) on The Toronto Stock Exchange on October 4, 2000........ Conference call info.: Murphy will be conducting a conference call to discuss the transaction on Thursday, October 5, at 9:00 a.m. CDT (10:00 a.m. EDT). Interested parties may participate in the call by dialing 800/530-9010 and requesting reservation number 16556242. The call will also be broadcast live over the internet and can be accessed through the Investor Relations section of Murphy's website at murphyoilcorp.com. For those unable to participate, online replays will be available through the Murphy website, or a recording of the call will be available until 5:00 p.m. CDT on October 6 by dialing 800/633-8284.