Thursday, February 24, 2011

UNX to be acquired by HRT at $6.95 per share - a significant premium

Brazilian oil company HRT Participacoes (HRTP3.SA) said on Thursday that it is acquiring Canada's UNX Energy for 1.3 billion reais ($781 million), according to a filing with the securities regulator CVM. HRT said it would pay for the deal with depository receipts of the company abroad. (Reporting by Guillerme Parra-Bernal; Writing by Raymond Colitt Editing by Gary Hill) -

Held in Lakeview Canadian Equity, Barometer Long/Short and various seperately managed account mandates.



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