Norwegian oil company Statoil ASA (ADR) (NYSE:STO) said it would purchase Brigham Exploration Company (NASDAQ:BEXP) in a deal valued at $4.4 billion in cash. Following this development, shares of Brigham Exploration increased 21.05% to close at $36.75
Share prices of natural gas pipeline operator El Paso Corp. (NYSE:EP) advanced 24.81% after Kinder Morgan Inc. (KMI) agreed to buy El Paso in a deal worth around $21 billion
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