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Commodities Briefing - Categorized | Energy, M&A more

ONGC approaches 90% acceptance in bid for Imperial Energy

Posted on 29 December 2008

From FT: Imperial Energy is closing in on the 90 per cent level of acceptances it needs to seal its takeover by ONGC Videsh, part of the state-owned Indian oil company, as a deadline approaches.

Shareholders have until 1pm London time tomorrow to accept ONGC’s offer of £12.50 a share for Imperial, an energy explorer with most of its assets in Russia….. Full Article: Source


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