To the Tune of Tupac, Third Point Fund Pressures Murphy Oil to Spin Off Retail

by Luke Jones  on Thursday, Oct. 4, 2012 11:26 am  

A Murphy USA gas station, owned by Murphy Oil Corp., at 4448 E McCain Blvd in North Little Rock. (Photo by Mike Pirnique)

Murphy Oil Corp. Chairman Claiborne Deming responds to hedge fund Third Point LLC of New York, which is pressuring the publicly traded El Dorado oil and gas company to spin off its retail operation.

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