Norwegian oil giant Statoil ASA (NYSE:STO) has stuck a deal to acquire Brigham Exploration Company (NASDAQ:BEXP) for $4.4 billion in cash. The acquisition allows Statoil to beef up its position in Williston Basin.
Per the tender offer, slated to begin on October 31, Statoil will acquire Brigham for $36.50 per share, representing a 36% premium over the average trading price of the latter for the last 30 days. The board of Brigham has collectively approved the transaction, which awaits shareholder … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards