Walter Energy Inc.’s shareholders, who lost almost $2 billion in three months on management turmoil and disappointing earnings, may still be rewarded with a $4 billion windfall if the coal producer is acquired.
Nexen Inc. staged its biggest rally since Cnooc Ltd. announced a $15.1 billion takeover of the oil and gas producer in July, signaling rising confidence Canada will approve the deal as the deadline for a decision approaches.
China Petrochemical Corp.’s takeover of Daylight Energy Ltd. shows how the oil industry’s biggest selloff since 2008 is transforming companies from Talisman Energy Inc. to Newfield Exploration Co. into potential targets.
RPC Inc., the Atlanta-based oil services company that has been considering a sale, may lure acquirers with the industry’s cheapest valuation and profits that are projected to double to a record this year.
Paulson & Co., the hedge fund run by billionaire John Paulson, and mutual fund firm Franklin Resources Inc. are among foreign investors betting Canada will approve Cnooc Ltd.’s $15.1 billion acquisition of Nexen Inc.
Gasoline refiners, shunned by investors because of falling demand and rising regulation, now count Warren Buffett’s Berkshire Hathaway Inc. and billionaire Carl Icahn among shareholders as lower oil prices promise wider returns for fuel makers.
Barrick Gold Corp.’s agreement to buy Equinox Minerals Ltd. for the most expensive valuation in a copper mining takeover still isn’t high enough, according to traders who profit from mergers and acquisitions.