Scandoil.com

Skip Navigation

Sinopec launches Addax takeover bid


Published Jul 13, 2009
E-mail Print

[an error occurred while processing this directive]

Edit page New page Hide edit links

addax Nigeria

Chinese oil company Sinopec has launched its $8 billion takeover attempt of Addax Petroleum Corp., the Calgary-based takeover target said Monday.

Sinopec has mailed in its offer and takeover bid notice to shareholders via its business Mirror Lake Oil and Gas Co. Ltd.

Sinopec in late June offered C$52.80 per common share in an all-cash transaction expected to wrap up in third-quarter 2009, although two-thirds of shareholders must say yes and apparently have not since June.

Chinese regulators, too, have not yet let the deal go ahead. Their speedy okay was understood to be a key demand understood of the merger.

Tags: Addax Petroleum Corporation, Sinopec



Related links


   

Add a Comment to this Article

Please be civil. Job and promotion will not be added into the comment page.

(Use Markdown for formatting.)

This question helps prevent spam:

+ Larger Font | + Smaller Font
Top Stories
Aker - Haugan
New Chief Executive Officer of Aker Energy Feb 23, 2018 Jan Arve Haugan has been appointed as Chief Executive Officer of the newly established oil company Aker Energy, effective 1 March 2018. Haugan is currently the President & CEO of Kværner ASA.
Rystad Energy - Borr Drilling takes charge of the jackup market
Borr Drilling Goes From Empty-Handed to the Largest Jack-Up Driller In Just 16 Months Feb 23, 2018 “It is remarkable what Tor Olav Troim has achieved in such a short amount of time. Going from two jack-ups in December 2016 to becoming the largest jack-up provider...” says Oddmund Føre, vice president of oilfield service research at Rystad Energy.
VesselsValue logo
Borr Drilling Takes Over Paragon Offshore to Expand MODU Fleet Feb 23, 2018 Borr Drilling’s acquistion of Paragon Offshore will create a USD 3.57 billion MODU fleet.
Southwest Research Institute (SwRI) - IMSF2
SwRI to Host Inaugural International Multiphase Flow Separation Symposium Feb 23, 2018 Southwest Research Institute is bringing together oil and gas industry experts for the International Multiphase Flow Separation Symposium (IMFS2), to be held April 25-26, 2018, at SwRI’s headquarters...
Rendering of the Johan Sverdrup field in the North Sea (illustration: Statoil/TRY)
Further Increasing Johan Sverdrup Value
Feb 7, 2018
Statoil and partners have further increased the value of the Johan Sverdrup field as a result of continued high quality in project execution, good drilling efficiency and further maturation of the resource base.

Faroe Petroleum - Fogelberg discovery and appraisal wells
Faroe Commences Fogelberg Appraisal Well
Feb 6, 2018
Faroe Petroleum has announced the commencement of the Fogelberg appraisal well and contingent sidetrack 6506/9 – 4A and 4S in the Norwegian North Sea (Faroe 28.3%).

BP Capercaillie and Achmelvich Licences
North Sea Exploration Success for BP
Feb 1, 2018
BP has announced two new exploration discoveries in the North Sea. The discoveries are Capercaillie, in Block 29/4e in the Central North Sea, and Achmelvich, in Block 206/9b west of Shetland.

 

 

 

 

 


RSS
RSS
Newsletter
Newsletter
Mobile News
Mobile news
Computer
Our news on
your website

Facebook
Facebook
Twitter
Twitter
Contact
Contact
Tips
Do you have any
tips to us

 

About us | Contact | Privacy |  Terms | 
Editor: Michael Rogers
Copyright 1973-2012. Scandinavian Oil-Gas Online. ISSN 1500-709X. 
Tel: +47 22 44 72 70, Fax: +47 22 44 72 87

sitemap xml


 
Home