Algeria: Activist shareholder requests court protection for Petroceltic
Issue 319
- 10 Mar 2016
| 2 minute read
Activist shareholder Worldview EHS International Master Fund’s 4 March petition to put Petroceltic International into examineeship – the Republic of Ireland’s approximate equivalent to Chapter 11 in the United States – immediately followed the rejection of its offer to buy the whole company for 3p per share – a substantial discount even on the currently much-reduced share price.
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