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Wednesday, 8th October 2008

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Bid approach for Imperial



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Published Date: 16 July 2008
RUSSIA-FOCUSED oil company Imperial Energy is in talks over a possible £1.3 billion takeover bid for the group, it said yesterday.
Imperial did not name the company that had approached it but industry sources identified the suitor as the Indian state-controlled Oil & Natural Gas Company. The approach was at 1,290p a share.

Imperial's shares jumped 18 per cent, or 164p, to 1,074p yesterday. The company said there was "no certainty" an offer would be made.





The full article contains 84 words and appears in The Scotsman newspaper.
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  • Last Updated: 15 July 2008 8:24 PM
  • Source: The Scotsman
  • Location: Edinburgh
 
 

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