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Murphy Oil shares jump as hedge fund urges sales, spinoff

Murphy Oil Corp. shares continued to climb Thursday, the day after Third Point LLC, the $9 billion hedge fund run by Daniel Loeb, said shares of the company could be worth more than $90 if Murphy sells various international assets and spins off its retail gasoline business.

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  • Headline: Murphy Oil shares jump as hedge fund urges sales, spinoff
  • Publication: Business, Pages 25 on 10/05/2012
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