Reuters: Regulatory News: Ithaca Energy to buy Valiant Petroleum for 203 mln stg

Reuters: Regulatory News Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Ithaca Energy to buy Valiant Petroleum for 203 mln stg Mar 1st 2013, 07:25 March 1 | Fri Mar 1, 2013 2:25am EST March 1 (Reuters) - North Sea-focused Ithaca Energy Inc said it would acquire Valiant Petroleum Plc for 203 million pounds ($308.15 million) in cash and shares. Valiant shareholders will get 307 pence in cash and 1.33 Ithaca share for each Valiant share. The offer represents a premium of 37 percent to Valiant's Thursday close on the London Stock Exchange. British oil and gas company Valiant Petroleum, which has had a dismal exploration performance in 2012, said in September it was considering selling itself.

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions