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

To: teevee who wrote (5112)	5/29/1998 9:22:00 PM
From: Scott Mc	Read Replies (1) \| Respond to of 24921

TN-TAKEOVER....I set up on stockwatch a trigger if this stock traded at 10.05, and it did today approx 2.30. I rec'd an E-Mail, however not a happy ending for me because I didn't pull the trigger at $10.25. Tarragon Oil and Gas Ltd - Marathon Oil to acquire all Tarragon shares Tarragon Oil and Gas Ltd TN Shares issued 69730037 1998-05-28 close $9.75 Friday May 29 1998 Mr. Ed Chwyl reports Tarragon has entered into an agreement with Marathon Oil Company of Houston, Texas, whereby Marathon will acquire all of the issued shares of Tarragon by plan of arrangement. Under the proposed transaction, shareholders of Tarragon will receive at the option of the holder, for each Tarragon share, $14.25 cash or exchangeable shares of equivalent value of a wholly-owned Canadian subsidiary of Marathon that are exchangeable into shares of USX-Marathon Group common stock (NYSE symbol: MRO). No more than 90 per cent of the total consideration will be in the form of exchangeable shares, unless consented to by Marathon. The proposed transaction was negotiated by a special committee of Tarragon's board of directors, and, on the recommendation of the special committee, has been approved by the board. Nesbitt Burns is acting as financial adviser to Tarragon. Tarragon shareholder approval will be sought at a meeting expected to be held in August 1998, with closing expected shortly thereafter. Tarragon has also agreed under certain circumstances if the transaction is not completed to pay a break fee of $30-million to Marathon. (c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com old url (better for printing)