Markets & Finance

Two Mergers in the Oil Patch


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.


The Aging of Abercrombie & Fitch
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