PTT Gets 91.4% Cove Energy OKs; Offer Unconditional As to Acceptances
31 Julho 2012 - 1:39PM
Dow Jones News
LONDON--PTTEP Africa Investment Ltd., a wholly owned subsidiary
of PTT Exploration & Production PCL (PTTEP.TH), said Tuesday
that Cove Energy PLC (COV.LN) shareholders who collectively own
91.4% of the company have accepted PTT's offer to buy the company,
adding that as a result the offer has become unconditional as to
acceptances.
MAIN FACTS:
-Has received valid acceptances from Cove Shareholders in
respect of 448,624,418 shares
-PTT expects that the Mozambique condition will be satisfied
shortly
-Cove shares closed at 238 pence in London valuing the company
at GBP1.2 billion.
-Write to Ed Ballard at ed.ballard@dowjones.com
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