Norsk Hydro to pay US2.56-bil for US Gulf independent Spinnaker

摘要

Spinnaker Exploration stock spiked almost 32% Sep 19 after Norsk Hydro agreed to acquire the US-based independent for US2.56-bil in cash,significantly boosting the Norwegian major's presence in the Gulf of Mexico.The stock closed at US64.15/share,a gain of US15.40,while Hydro stock closed 1% higher at NOK 736.50.