|Bid||42.90 x 1100|
|Ask||43.20 x 25000|
|Day's Range||43.04 - 43.24|
|52 Week Range||40.53 - 49.50|
|PE Ratio (TTM)||14.46|
|Dividend & Yield||2.95 (5.89%)|
|1y Target Est||N/A|
French oil giant Total has agreed to acquire Danish conglomerate A.P. Moeller-Maersk’s oil unit for $4.95 billion, signaling a renewed appetite for deals in the global oil-and-gas industry.
French energy supermajor Total said this morning that it had acquired Maersk Oil in a deal valued at $7.5 billion including debt.
Paris-based Total SA (TOT), which has its U.S. operations based in Houston, announced Aug. 21 it will buy Maersk Oil & Gas A/S in a $7.45 billion share-and-debt deal. Denmark-based A.P. Møller – Mærsk A/S, the parent company of Maersk Oil, will receive $4.95 billion in Total shares, and Total will assume $2.5 billion of Maersk Oil’s debt. The 97.5 million shares Total is expected to issue to A.P. Møller – Maersk will represent 3.75 percent of the enlarged share capital of Total.