Norsk Hydro ASA (NHY) demerges its petroleum activities and merge them with Statoil ASA (STL) into a new company StatoilHydro ASA (STL). The ex-date is 1st October 2007. Ticker and ISIN for NHY and STL will be unchanged as a result of the demerger/merger. NHY will after the demerger continue as an aluminium and power company. For each share owned in NHY, shareholders will ex-merger own 1 NHY share and 0.8622 STL shares. For each share owned in STL, STL shareholders will ex-merger own 1 STL share. Oslo Børs has decided to adjust NHY options and futures as well as the OBX Index.
Derivatives: Anticipated adjustments due to Norsk Hydro and Statoil merger (15/07)
| Source: Derivatives
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