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Apple to build $304 million campus in Texas, add 3,600 jobs

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(Reuters) – Apple Inc is expanding its presence in Texas with a $304 million investment to build a new campus in Austin, which will add 3,600 jobs over the next decade, more than doubling its workforce in the city.

The Cupertino, California, consumer device giant already employs thousands in Austin, whose tasks include handling customer complaints and support.

“Our operations in Austin has grown dramatically over the past decade from less than 1,000 in 2004 to more than 3,500 today,” Apple spokesman Steve Dowling said.

Apple plans to add jobs in customer support, sales and accounting.

The company is receiving an investment of $21 million over 10 years from a state fund and also possible incentives from Austin and Travis County, according to Texas Governor Rick Perry, who announced the news on Friday.

(Reporting By Poornima Gupta; Editing by Phil Berlowitz)

Austin TX: Statoil takes Brigham stock

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Statoil gained majority acceptance from shareholders of Brigham Exploration on Thursday for its $36.50 per share offer to acquire the US tight oil player.

Steve Marshall  01 December 2011 09:11 GMT

The Norwegian state oil company struck a $4.4 billion deal recently to acquire Austin, Texas-based Brigham to give it access to prospective unconventional plays in the Bakken and Three Forks formations in the Williston basin, spanning North Dakota and Montana.

Statoil’s bid had already been accepted by Brigham management but was waiting on the company’s stockholders to tender their shares in response to the offer, with a deadline at midnight New York time on 30 November.

The transaction earlier ran into turbulence when Brigham shareholders sued the US independent, contending that Statoil’s buyout price was too low.

However, more than 87.7% of Brigham’s outstanding common stock has now been tendered to Statoil’s wholly-owned subsidiary Fargo Acquisition, Statoil said in a statement.

A subsequent offer period started on Thursday and will expire at midnight NY time on 7 December for the tender of the remaining shares.

Completion of the tender offer will enable the merger transaction to go ahead.

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