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Monday, January 23, 2012

Deals of the day - mergers and acquisitions, (NYSE: APA)

The following bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies were reported by 1700 GMT on Monday.** Oil and gas producer Apache Corp will purchase privately held Cordillera Energy Partners III in a cash-and-stock deal worth $2.85 billion, part of a plan to expand its holdings of energy-rich reserves in the Midwestern United States.

Apache Corporation (Apache) is an independent energy company, which explores for, develops and produces natural gas, crude oil and natural gas liquids. Shares of APA traded higher by 0.27% or $0.26/share to $97.06. In the past year, the shares have traded as low as $73.04 and as high as $134.13. On average, 3073380 shares of APA exchange hands on a given day and today's volume is recorded at 2630710.



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