The following bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies were reported by 1700 GMT on Tuesday.** Vero Energy Inc said it will sell some of its natural gas assets in west central Alberta to a private oil and gas company for C$209 million ($205.2 million) to reduce debt and focus on light oil drilling, sending its shares up 27 percent.
Vero Energy Inc. (Vero) is a junior oil and natural gas company engaged in the exploration for, and the acquisition, development and production of oil and natural gas reserves primarily in western Canada. Shares of VRO traded higher by 25.48% or $0.53/share to $2.61. In the past year, the shares have traded as low as $1.66 and as high as $6.71. On average, 294386 shares of VRO.TO exchange hands on a given day and today's volume is recorded at 4010397.
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