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.

Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: Frank Pembleton who wrote (4617)	11/29/2001 11:31:30 AM
From: Frank Pembleton	Read Replies (1) \| Respond to of 36161

Trade Resumption: Rio Alto says no development to explain merger talk CALGARY, Nov. 29 (Reuters) - Natural gas producer Rio Alto Exploration Ltd. (Toronto:RAX.TO - news) said on Thursday there have been no ``recent corporate developments'' after trade of its shares was halted on the Toronto Stock Exchange following a report in a Canadian newspaper that said it was on the verge of being acquired by a U.S. oil and gas company. Rio Alto said ``there have been no recent corporate developments taking place in the company other than those in the normal course of our business.'' Canada's National Post newspaper reported on Thursday that industry sources said a takeover of Rio Alto by Anadarko Petroleum Corp. (NYSE:APC - news), a Houston-based energy company, could be announced within the next week. The newspaper said the price could be in the neighborhood of C$31 a share, a 55 percent premium over Wednesday's close of C$19.98. ($1 equals $1.58 Canadian)