Calgary-based Anderson Exploration Ltd. on Friday accepted the C$40 per share cash tender offer of Devon Energy Corp., based in Oklahoma City. Devon also said it had received “all necessary approvals” to acquire Anderson in a $4.6 billion deal first announced in September (see Daily GPI, Sept. 5). When the deal is completed, Devon would become the top independent oil and gas producer in North America, a post currently held by Anadarko Petroleum Corp. About 128 million of Anderson’s shares were tendered under the offer, representing 97% of the Canadian company’s total shares outstanding. Devon intends to take up the tendered shares and pay the depository on Monday (Oct. 15) and will acquire the remaining shares of Anderson by compulsory acquisition for C$40 per share in cash.

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