Happy Holideals for Norsk Hydro Thanks to Statoil

Kurt Wulff (McDep Associates) submits: Owners of buy-recommended Norsk Hydro (NYSE: NHY – News) may rejoice at the news that fellow Norwegian company Statoil (NYSE: STO – News) offers US$29.5 billion in stock for NHY oil and gas properties having a present value of US$28.5 billion by our estimates before the fact.

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