Market reaction: Neutral as this press release has no impact on the value of the firm. The transaction price of US$120 mm was excluding working capital. As such the size of the working capital does not really impact the value of the deal. However the oil price increased while Premier's shares were suspended and we viewed the acquisition of E.ON as a value accretive move. As a result, we anticipate the shares to perform well today.
01 Feb 2016
UPDATE ON E.ON UK ACQUISITION AND RESTORATION OF TRADING
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UPDATE ON E.ON UK ACQUISITION AND RESTORATION OF TRADING
Harbour Energy Plc (HBR:LON) | 290 0 0.0% | Mkt Cap: 2,234m
- Published:
01 Feb 2016 -
Author:
Stephane Foucaud -
Pages:
2
Market reaction: Neutral as this press release has no impact on the value of the firm. The transaction price of US$120 mm was excluding working capital. As such the size of the working capital does not really impact the value of the deal. However the oil price increased while Premier's shares were suspended and we viewed the acquisition of E.ON as a value accretive move. As a result, we anticipate the shares to perform well today.