Shell makes agreed bid for Cove
Issue 230
- 04 May 2012
| 2 minute read
Royal Dutch Shell made a recommended 220p/share bid for Cove Energy on 24 April, valuing the company at £1.12bn ($1.8bn). Shell indicated in February that it was considering a bid at 195p/share, but the eventual price matches a counter-bid by Thailand’s PTT Exploration & Production (AE 226/15).
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