Ophir, Cepsa Preparing Bids for Salamander, Sunday Times Says
2014-10-26 09:42:07.107 GMT
By Sam Chambers
Oct. 26 (Bloomberg) -- Ophir Energy, Cepsa bids for
Salamander Energy could value co. at >GBP275m, Sunday Times
reports, without citing anyone.
* Catalyst for bids is possible breakdown of Salamander’s
proposed GBP174m deal to sell stake in Thai oil field to
Sona Petroleum
* Says Sona needs shareholder approval for deal; some of its
investors have expressed doubts
* Oct. 20: Salamander said it still expects proposed sale
to close this year
* Oct. 20: Salamander said it still expects proposed sale
to close this year</li></ul>
* NOTE: GBP275m bid would equate to 24% premium to
Salamander’s current mkt. cap; co. shrs are trading 46%
below 52-week high on May 30
* May 1: Salamander said it received “small number” of
prelim. approaches related to potential takeover offer
* May 30: Expansion reported that Cepsa was considering
EU700m bid for Salamander
* May 30: Expansion reported that Cepsa was considering
EU700m bid for Salamander</li></ul>
Link to Company News:185587Z UH <Equity> CN <GO>
Link to Company News:OPHR LN <Equity> CN <GO>
Link to Company News:SMDR LN <Equity> CN <GO>
For Related News and Information:
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First Word newswire: NH BFW<GO>
To contact the editor responsible for this story:
Sam Chambers at +44-20-7673-2021 or
schambers7@bloomberg.net
2014-10-26 09:42:07.107 GMT
By Sam Chambers
Oct. 26 (Bloomberg) -- Ophir Energy, Cepsa bids for
Salamander Energy could value co. at >GBP275m, Sunday Times
reports, without citing anyone.
* Catalyst for bids is possible breakdown of Salamander’s
proposed GBP174m deal to sell stake in Thai oil field to
Sona Petroleum
* Says Sona needs shareholder approval for deal; some of its
investors have expressed doubts
* Oct. 20: Salamander said it still expects proposed sale
to close this year
* Oct. 20: Salamander said it still expects proposed sale
to close this year</li></ul>
* NOTE: GBP275m bid would equate to 24% premium to
Salamander’s current mkt. cap; co. shrs are trading 46%
below 52-week high on May 30
* May 1: Salamander said it received “small number” of
prelim. approaches related to potential takeover offer
* May 30: Expansion reported that Cepsa was considering
EU700m bid for Salamander
* May 30: Expansion reported that Cepsa was considering
EU700m bid for Salamander</li></ul>
Link to Company News:185587Z UH <Equity> CN <GO>
Link to Company News:OPHR LN <Equity> CN <GO>
Link to Company News:SMDR LN <Equity> CN <GO>
For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>
To contact the editor responsible for this story:
Sam Chambers at +44-20-7673-2021 or
schambers7@bloomberg.net