Navigate this market better. Subscribe for FREE stock alerts and information.

Tuesday, September 16, 2014

Takeover Digest- British Business - Sept 17, (NYSE: COP)

The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times TUI TRAVEL'S MERGER PLAN WILL 'RELEASE TRAPPED VALUE' The FTSE 100 travel group behind Thomson and First Choice has finalised the terms of a 6.5 billion euros ($8.42 billion) merger with its German parent company that will deliver 167.5 million euros of cost and synergy benefits. TUI Travel, which is 54 percent-owned by TUI AG, said the all-paper, nil-premium merger would create "the world's No 1 integrated leisure tourism business" to the benefit of both companies. ( SPARKS RUSH FOR CLAIR OILFIELD WITH SALE The ownership of one of Scotland's most valuable oilfields is up for grabs after an American oil company put its stake up for sale. ConocoPhillips has appointed banks to find buyers for its 24 percent share in the Clair oilfield west of Shetland, which could fetch between 1.2 billion pounds ($1.95 billion) and 1.8 billion pounds.The Guardian

ConocoPhillips is an independent exploration and production (E&P) company, based on proved reserves and production of liquids and natural gas. Shares of COP traded higher by 1.7% or $1.35/share to $80.75. In the past year, the shares have traded as low as $62.74 and as high as $87.09. On average, 4944790 shares of COP exchange hands on a given day and today's volume is recorded at 6172455.