The Board of Directors of Valiant Petroleum has announced that the High Court of Justice of England and Wales has today, 18 April 2013, made an order (the “Court Order”) sanctioning the Scheme by which the acquisition of Valiant by Ithaca Energy Holdings (UK) Limited, a wholly-owned subsidiary of Ithaca Energy Inc. (“Ithaca”), is being [...]
Vitol Anker International B.V., a wholly owned subsidiary of The Vitol Group, announced that it intends to make an offer to buy all of the outstanding common shares of Canada’s oil company Sterling Resources Ltd., not beneficially owned by Vitol Anker and its affiliates, for cash consideration of $0.85 per share in a transaction which [...]
Malaysia’s oil company Petroliam Nasional Berhad (“PETRONAS”) today announced that it has issued a Notice on conditional takeover offer to MISC’s Board of Directors for the remaining 1,666,333,303 shares in MISC which it does not hold for a cash offer price of RM5.30 per share. The Offer is conditional on PETRONAS having received valid acceptances [...]
With reference to the announcement of 21 December 2012 in which Boskalis announced its decision to make an all cash voluntary public offer for Dockwise, Boskalis today announced that it has resolved to make a mandatory offer for all the issued and outstanding ordinary shares of Dockwise (the Shares) at a price of EUR 18.50 [...]
China’s national oil company CNOOC and Canada’s Nexen have mutually agreed to extend the deadline for CNOOC’s acquisition of the Canadian oil firm. Since additional time is required to obtain relevant regulatory approval, the deadline is now extended by 30 days, until March 2, 2013. According to a press release issued by Nexen, completion of [...]
Boskalis has today submitted an increased offer for all the issued and outstanding ordinary shares (the Shares) of Dockwise. The offer stands at EUR 18.50 per share which is an increase of 50 euro cents relative to the offer made on December 17. The offer values Dockwise at EUR 733 million with an enterprise value of approximately [...]
Indonesia’s state oil company Pertamina is no longer interested in buying Coastal Energy company, The Jakarta Post has reported. The company was willing to pay to pay a 15% premium to Coastal’s share price, according to the Financial Post. The bid valued Coastal at $2.6-billion, but Coastal shareholders refused the offer as too small. Karen [...]
Indonesia’s state-owned oil company, Pertamina, is preparing a takeover bid for Coastal Energy Company, Financial Post yesterday reported. The newspaper claims it has received a document which says that Pertamina is willing to pay a 15% premium to Coastal’s share price, the bid which values the oil and gas exploration & production company at $2.6-billion. [...]
Dockwise, a Breda based heavy-lift /marine transportation company, on Friday announced it had requested the Enterprise Chamber of the Amsterdam Appellate Court to schedule a date to hear a request for the immediate suspension of the management of Fairstar Heavy Transport N.V. The company, which has in the past months acquired 95% of the shares [...]
![UK: Ithaca Ends Takeover Talks]()
Ithaca Energy Inc. has ceased discussions with all parties regarding the potential acquisition of all of the outstanding shares of the Company. As previously announced, the Company received, initially, a confidential, non-binding proposal to acquire all of the outstanding shares of the Company and, subsequently, a number of unsolicited approaches from third parties. The Board [...]
