On July 27, 2010, Hess Corporation announced that it had agreed to acquire American Oil & Gas, Inc. in a stock-only transaction worth as much as $488 million (based on Hess' closing price of $53.30/share, anticipated number of newly issued shares, and $30 million credit facility extended to American Oil & Gas prior to closing). a Each common share of American Oil and Gas may be exchanged for 0.1373 shares of Hess stock, which represents a 9 percent premium relative to the closing price of Hess a...