Saturday Profile: Mike Wagstaff: Venture Into the Unknown for Mike
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Summary
NO DOUBT because the Takeover Panel will be monitoring his every word, Mike Wagstaff is not giving away much in the way of details about the kind of welcome he gave to his newest and largest shareholder, Centrica.
But it appears that the chief executive of Venture Production will have given Centrica, owner of British Gas, a frosty reception during brief takeover talks last month.See the full content of this document
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Saturday Profile: Mike Wagstaff: Venture Into the Unknown for Mike
The reason is obvious: Centrica, which has for years coveted Venture, bought the stakes of its two largest shareholders. After one brief meeting, Centrica has effectively left Venture in limbo.
Moreover, the level at which it bought its stake is well below one Wagstaff would be expecte...See the full content of this document
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