Ophir Energy boosted by rumours of 350p-per-share bid from USA
Shares in Ophir Energy rose yesterday, 19 August, amid speculation of a possible bid for the UK-listed oil-exploration business from America, The Times reported. The market report cited unattributed rumours in London which suggested a US-based party might be willing to pay 350p (USD 0.58) for Ophir.
Speculation of a potential GBP 2bn bid for Ophir from the USA was also mentioned in a Daily Express market report.
Ophir’s share price ended the day’s trading at 229.5p, up 15.25p, the Times report noted. The company, which focuses on exploration in Africa, has a GBP 1.35bn market capitalisation.
The Times