Hopefully no more 11th hour surprises. Lukoil, bid not progressing for FARs senegal share. Getting this for $45 million would be a steal and remove preemptive rights for the sell down. Below is from the AFR
Woodside’s path in Senegal clears as Lukoil retreats
Woodside Petroleum’s epic journey to secure the minority stake held by its junior partner FAR Ltd in a $5.5 billion oil project in Senegal appears to be reaching an end as the cash-strapped explorer said a tentative takeover proposal from Russian giant Lukoil will not proceed.Lukoil has advised FAR that the $220 million conditional proposal will not be firmed into a legally binding offer, the ASX-listed target said on Thursday, adding it will hold a shareholders meeting on April 15 for a vote on the sale of its 13.67 per cent stake in the
Hopefully no more 11th hour surprises. Lukoil, bid not...
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$27.52 |
Change
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Mkt cap ! $52.25B | |||
| Open | High | Low | Value | Volume |
| $27.36 | $27.59 | $27.23 | $347.5M | 12.37M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 167313 | $27.51 |
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| Price($) | Vol. | No. |
|---|---|---|
| $27.53 | 2000 | 1 |
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