4 Merger and Acquisition Stock Stories for Investor Appraisal
Natural Resource Partners (NYSE:NRP) Current price $22.06
The company reported on Wednesday that has purchased a 48.51 percent general partner interest in OCI Wyoming and 20 percent of the common shares and all of the preferred shares of the latter from subsidiaries of Anadarko Petroleum Corporation. Natural Resources paid a net $292.5 million for the interests after the usual closing adjustments to the acquisition price of $310 million. The purchase was financed via a term loan of$200 million, the issuance of $76.5 million in equity, including a general partner contribution of $1.5 million, along with $16 million in cash.
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