Repsol to sell stock to help finance its offer for YPF

Article Abstract:

Repsol SA is publicly issuing up to 240 million new shares in an attempt to help finance its acquisition offer for YPF SA. Repsol is a oil and energy firm based in Spain. The company's share offer for YPF is valued at approximately 4.8 billion euros with its closing share price of 19.99 euros on June 21, 1999. Repsol is offering to buy the 85% of YPF that it does not already own for $13.44 billion in cash.

Comment:

Issuing 240 million new shares to help finance acquisition offer for YPF

Spain, Repsol YPF S.A. (Madrid, Spain)

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Wary of bumps, energy bulls watch the road

Article Abstract:

Rising energy prices are casting a shadow across the United States economy. Energy stocks are also rising. If energy prices continue to rise, theoretically, the economy will slow, reducing the demand for energy and causing energy stocks to decrease.

United States, Forecasts, trends, outlooks, Commodity & service prices, Crude Petroleum and Natural Gas Extraction, Crude petroleum and natural gas, Crude Petroleum & Natural Gas, Security brokers and dealers, Petroleum refining, Petroleum & Energy Products, Securities & Commodities Services, Securities, Commodity Contracts, and Other Financial Investments and Related Activities, Labor Distribution by Employer, Economic aspects, Prices and rates, Statistics, Securities industry, Company securities, Company pricing policy, Industry forecasts

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Gazprom intends to raise the stake of foreign investors

Article Abstract:

OAO Gazprom of Russia intends to significantly boost access to the firm's equity for foreign investors. The company will raise the amount of share capital to 20% from the 11% it is currently at.

Russia, OAO Gazprom

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