| 02.01.2009 - ONGC confirms go-ahead for Imperial buy |
| From Yorkshirepost.co.uk: Indian oil company ONGC said it will proceed with its £1.3bn takeover of Leeds-registered Imperial Energy, despite fears it would back out of the high-priced deal. The state-controlled company's overseas unit, ONGC Videsh, said in a statement issued yesterday that shareholders representing 97 per cent of Imperial had accepted its offer by the 1pm deadline on Tuesday and the offer was now unconditional......Full Article: Source |