Breaking: XTO to buy Hunt Petroleum

by Kevin Buchanan

It’s just energy news day, isn’t it? The Wall Street Journal is reporting that Fort Worth’s own XTO Energy will be purchasing Hunt Petroleum:

Natural-gas producer XTO Energy Inc. has agreed to acquire closely held Hunt Petroleum Corp. for $4.19 billion in cash and stock, a deal that may help put to rest a Hunt family feud.

The purchase price consists of $2.6 billion in cash and 23.5 million shares of XTO common stock valued at approximately $1.6 billion, or $67.50 a share.

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