july 10 2001, newswire
Energy company Amerada Hess (nyse: AHC - news - people ) has agreed to acquire Triton Energy (nyse: OIL - news - people ) for $2.7 billion in cash. Amerada Hess will also assume $500 million of Triton's debt. The firm will pay $45 for each share of Triton, 50% more than Triton's closing price yesterday. The deal is expected to conclude in the third quarter.
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