Summary
BOWLEVEN shares more than doubled yesterday after the Edinburgh- based oil and gas company revealed a predator had indicated it may pay more than triple its market value to buy it.
Bowleven, which has most of its oil interests in west Africa, said that, while there was no certainty a bid would be made, it was "minded" to recommend a bid at the 150p level an unnamed suitor indicated it might offer. Shares in Aim-listed Bowleven leapt 66p, or 161 per cent, to 107p.See the full content of this document
Extract
Bowleven Shares Soar On Talk of 'High-Priced' Takeover
Based on current trends, an offer at that level would be exceptional. The 150p indicated i...
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