Jan. 3 (Bloomberg) -- Apache Corp. said it paid $1.25 billion to acquire North Sea assets from Exxon Mobil Corp., less than expected when the transaction was announced in September.
The change in value occurred after Apache bought a unit rather than individual assets, Bill Mintz, an Apache spokesman, said in a telephone interview today. He said earnings and dividends also affected the value.
Apache previously said 40 percent of the $1.75 billion price might be deductible and the company’s cash outlay at closing might be $1.5 billion to $1.55 billion before a tax benefit.
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