Market Reaction: Negative. Tethys' share price increased about 25% yesterday on the announcement of a possible offer by Nostrum. While rejecting the deal with Nostrum maximises the potential upside for shareholders, there is a risk that the share price drops back to Friday's close.
14 Jul 2015
REJECTS NOSTRUM'S OFFER
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REJECTS NOSTRUM'S OFFER
Tethys Petroleum Limited. (0PRL:LON) | 0 0 0.0%
- Published:
14 Jul 2015 -
Author:
Stephane Foucaud -
Pages:
2
Market Reaction: Negative. Tethys' share price increased about 25% yesterday on the announcement of a possible offer by Nostrum. While rejecting the deal with Nostrum maximises the potential upside for shareholders, there is a risk that the share price drops back to Friday's close.