Shares of Visa Inc (NYSE:
VMITSY) agreed to buy a 9% stake in shale gas fields in Poland from Marathon Oil Corporation (NYSE:
MRO). The company did not comment on financial terms of the deal. Marathon Oil will lower its stake to 51%. In April, MRO announced that Canadian producer Nexen Inc (NYSE:
NXY) would buy a 40% working interest in the concessions. The closing of the deal is contingent on approval by Poland's government.
Shares of J.M. Smucker Co (NYSE:
SJMSBGSY) reported that it purchased China's Leader Harvest Power Technologies. The company didn't provide financial details of the deal.
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