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Tuesday, December 21, 2010

Hess Closes Deal On American Oil and Gas

Here's the link.

Hess adds 85,000 net acres in the ND Bakken.

AEZ shareholders were to get 0.1373 HES shares for each AEZ share which brings the deal to about #10.40/share for AEZ shareholders. The last price I saw on Yahoo!Financial was $10.20.

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