Reuters: Mergers News: Woodside shares jump on sale of LNG stake for $2 bln

Reuters: Mergers News Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Woodside shares jump on sale of LNG stake for $2 bln May 1st 2012, 00:15 SYDNEY | Mon Apr 30, 2012 8:15pm EDT SYDNEY May 1 (Reuters) - Shares in Australia's Woodside Petroleum jumped nearly 4 percent on Tuesday after it agreed to sell a 14.7 percent stake in its Browse LNG project to Japan's Mitsui & Co and Mitsubishi Corp for $2 billion. Woodside's shares touched a high of A$36.30 and last traded up 3.9 percent at A$36.27 after the announcement.

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