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Markets & Finance
Two Mergers in the Oil Patch
Posted on February 04, 2001
Related
Phillips Petroleum (P
) agreed to acquire Tosco (TOS
) on the basis of 0.8 Phillips share per Tosco share.
Patterson Energy (PTEN
) will acquire UTI Energy (UTI
). Terms of the deal cal for Patterson to issue one of its common shares for each UTI share.
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