Ophir to abandon pursuit of Salamander Energy this week
Ophir Energy is preparing to abandon its attempt to take over its UK-listed competitor Salamander Energy within days, a Sunday Times report said. The brief unattributed report noted that a rival GBP 375m (USD 588m) knockout bid for Salamander came from Spain-based CEPSA and the private-equity house Jynwel Capital last week.
Source Sunday Times