NEW YORK -- China's Sinopec International Petroleum Exploration and Production Corp. said Sunday that it has agreed to buy Canadian oil and gas company Daylight Energy Ltd. (DAY:Toronto) for about 2.2 billion Canadian dollars (or $2.1 billion).The purchase price amounts to a 43.6% premium over the average price of Daylight's shares over the 60 days that ended Friday, the company said.
Sinopec to Buy Daylight Energy for $2.1B
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