07-09-2015, 12:56 PM
http://www.bloomberg.com/news/articles/2...cmpid=yhoo
Mexico’s Alfa SAB and partner Harbour Energy Ltd. dropped their plans to buy Pacific Rubiales Energy Corp. after the driller’s largest shareholder spurned a takeover offer once valued at as much as $1.7 billion.
Pacific Rubiales said Wednesday it would have “no further material obligations” to its former suitors after accepting their withdrawal. Alfa said its offer “correctly valued” Bogota-based Pacific Rubiales and had no plans to sweeten the price.
??? I wonder who is going to buy PRE's interest in Triceratops ? I would think this is a non-core asset that they will want to sell.... ???
Mexico’s Alfa SAB and partner Harbour Energy Ltd. dropped their plans to buy Pacific Rubiales Energy Corp. after the driller’s largest shareholder spurned a takeover offer once valued at as much as $1.7 billion.
Pacific Rubiales said Wednesday it would have “no further material obligations” to its former suitors after accepting their withdrawal. Alfa said its offer “correctly valued” Bogota-based Pacific Rubiales and had no plans to sweeten the price.
??? I wonder who is going to buy PRE's interest in Triceratops ? I would think this is a non-core asset that they will want to sell.... ???