Oil and natural gas producer XTO Energy agreed to buy closely held Hunt Petroleum for $4.2 billion, in a move that will add profitable wells to its holdings. Hunt traces its roots back legendary Texas oilman H.L. Hunt. The pending sale has exacerbated a family feud among Hunt’s heirs. XTO shares are up more than 30 percent this year. (The New York Times, free registration)
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The Bottom Line
June 11, 2008
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