VOL. XLIV

No. 27

2-July-2001

QATAR/OMAN

Anadarko To Acquire Gulfstream For $137Mn

Houston-based Anadarko Petroleum announced on 25 June that it had reached an agreement to buy Canadas Gulfstream Resources for C$208mn ($137mn). Anadarko will pay C$2.65 per share for all of Gulfstreams common shares. Senior officials of the Calgary-based company, holding around 5.8% of the total, have agreed to tender their shares to Anadarko, which expects to fund the acquisition with cash and to close the...