XTO Energy to Acquire Hunt Petroleum

The deal is worth nearly $4.2 billion.
Author:
Publish date:

Natural gas producer

XTO Energy

(XTO)

signed a definitive agreement to acquire privately held Hunt Petroleum for nearly $4.2 billion.

XTO will pay $2.6 billion in cash and 23.5 million shares valued at approximately $1.6 billion, or $67.50 each, for Hunt.

Shares of XTO were recently gaining 2.9% to $69.68.

This article was written by a staff member of TheStreet.com.