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ConocoPhillips to Buy Burlington for $30 B |
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Author: Elena Todorova
123jump.com
Last Update: 11:14 AM EST December 12 2005
Merger-and-acquisiotion news predominate in Monday trading session. ConocoPhillips is in talks to acquire oil and gas producer Burlington Resources for more than $30 billion. Paramount Pictures, a unit of media conglomerate Viacom Inc., agreed to buy DreamWorks SKG Inc. in a $1.6 billion deal involving $775 million in cash and $825 million of assumed debt. |
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