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For Pegula, shale shaped Sabres deal

Source: Buffalo News

‘In May, Pegula cashed in, selling East Resources to Royal Dutch Shell for $4.7 billion–about four times what the KKR deal valued the company at just 11 months earlier. It was a fabulous windfall, and most of it–more than $3 billion–fell into the pockets of Pegula, who had been East Resources’ sole shareholder until the KKR investment.’

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Filed Under: SabresBeat

Buffalo News | Dec 5, 2010

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