BAYOU <BYOU> IN DEFINITIE MERGER AGREEMENT Bayou Resources Inc said it reached an definite agreement to be acquired by Patrick Petroleum Co through a stock and cash transaction valued at six dlrs per Bayou share. Bayou also reported net loss of three cts or 23,024 dlrs for the fourth quarter compared with a net income of 10,128 dlrs or one cts a year. Revenues fell to 532,807 dlrs from 769,465 dlrs a year ago. For the year, Bayou reported a net loss of 14 cts or 116,793 dlrs compared to a net income of 23 cts or 203,372 dlrs. Revenues fell to 2.4 mln dlrs from 3.3 mln dlrs.