Notable Mergers and Acquisitions of the Day 10/9: OXY/C, KMB/IFLO, SRZ - Street Insider

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Notable Mergers and Acquisitions of the Day 10/9: OXY/C, KMB/IFLO, SRZ
Oct 09, 2009 01:59 PM UTC

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Via StreetInsider.com News Articles:

Occidental Petroleum Corporation (NYSE: OXY) signed an agreement to purchase Phibro LLC from Citigroup Inc. (NYSE: C), for approximately net asset value.

Primarily a trader in oil and gas, Phibro's assets consist of cash, marketable securities and readily saleable commodity positions. Phibro does not trade in any exotic derivatives or hold any level three type assets.

Occidental's net investment in Phibro is expected to be about $250 million.

The transaction is expected to close by year end.
Kimberly-Clark Corporation (NYSE: KMB) and I-Flow Corporation (Nasdaq: IFLO) today announced a definitive agreement whereby I-Flow will be acquired in a cash tender offer

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