Pacific Rubiales has announced that ALFA and Harbour Energy have requested to terminate the acquisition agreement, which will take effect immediately. Previously, ALFA and Harbour Energy entered into an arrangement agreement to acquire Pacific Rubiales for cash consideration of C$6.50 per share.
On July 8, 2015, Pacific Rubiales’ stock closed at C$5.25 per share, which is a 41% premium to our risked NAV estimate of C$3.73 per share and a 104% premium to our core NAV estimate of C$2.57 per share ....
