Total aquires Maersk Oil & Gas for nearly $7.5B

PARIS, FRANCE - In a debt for stock swap, petroleum company Total has acquired Maersk Oil & Gas from A.P. Moller. The Scandinavian transportation and energy company will receive nearly $5 billion in Total stock, while Total takes on $2.5 billion in debt from Maersk Oil & Gas. Total has also offered a seat on its board to A.P. Moller's main shareholder.