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Wednesday, November 7, 2012

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

The following bids, mergers, acquisitions and disposals were reported by 1130 GMT on Wednesday: ** U.S. satellite provider DirecTV, which also has operations in Latin America, said on Tuesday it is in the early stages of evaluating a potential acquisition of Vivendi's Brazilian telecom unit, GVT.** Franco-Nevada Corp said it will purchase an 11.7 percent net royalty interest in an oil field in Saskatchewan from Penn West Petroleum Ltd for C$400 million in cash.

Penn West Petroleum Ltd. (Penn West), formerly Penn West Energy Trust is a Canadian exploration and production company. Shares of PWE remained unchanged at $11.24. In the past year, the shares have traded as low as $12.22 and as high as $22.37. On average, 1599830 shares of PWE exchange hands on a given day and today's volume is recorded at 0.



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