Oil producer Concho to buy rival RSP Permian for about $8 bln [Reuters]
RSP PERMIAN INC (RSPP)
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Source: Reuters
Oil producer Concho to buy rival RSP Permian for about $8 bln | Reuters Reuters Staff 1 Min Read March 28 (Reuters) - Oil and gas producer Concho Resources Inc on Wednesday said it would buy smaller rival RSP Permian Inc for an equity value of about $8 billion. Under the all-stock deal, RSP shareholders will get 0.320 of Concho shares for each stock held, or $50.24 per share - a premium of nearly 29 percent to RSP’s close on Tuesday. Reporting by Ahmed Farhatha in Bengaluru; Editing by BernardOrr All quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delays. Š 2018 Reuters. All Rights Reserved.
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