| From telegraph.co.uk: Independent oil and gas group Imperial Energy has confirmed that it received an approach regarding another "possible cash offer" for the company.
Imperial, whose shares are traded in London but is focused on assets in Russia, did not identify the company involved.
However, Sinopec is understood to be planning an offer and has been granted access to its books to begin due diligence. Sinopec is said to be prepared to trump a putative £12.90-a-share offer from India's Oil & Natural Gas Corporation (ONGC) and table a bid that could value the FTSE 250 group at around £1.3bn...... Full Article: Source |