Market Reaction: The possible offer would provide support to the current share price, however, a firm offer at these much reduced levels would be much less appealing to Tethys. The premium to Thursday last week's close is very small. Given the number of conditions to the deal, it is also uncertain that any offer will be made. Expressions of interest from alternative parties have been received by Tethys. The reduced price for offer (about 32%), however, has to be considered in the context of Nost ....
01 Sep 2015
LOWER POSSIBLE OFFER PRICE BY NOSTRUM OIL & GAS
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LOWER POSSIBLE OFFER PRICE BY NOSTRUM OIL & GAS
Tethys Petroleum Limited. (0PRL:LON) | 0 0 0.0%
- Published:
01 Sep 2015 -
Author:
Stephane Foucaud -
Pages:
2
Market Reaction: The possible offer would provide support to the current share price, however, a firm offer at these much reduced levels would be much less appealing to Tethys. The premium to Thursday last week's close is very small. Given the number of conditions to the deal, it is also uncertain that any offer will be made. Expressions of interest from alternative parties have been received by Tethys. The reduced price for offer (about 32%), however, has to be considered in the context of Nost ....