North Sea explorer Sterling Resources branded an energy and commodity trading group’s £123million takeover bid as “opportunistic and inadequate” yesterday.
Middle East energy firm Dragon Oil said yesterday it would not make a takeover offer for Scottish explorer Bowleven.
Middle East energy firm Dragon Oil said today it was mulling a takeover offer for Scottish explorer Bowleven.
The chief executive of Cosalt said yesterday he wanted the company to return to private hands, but added he was confident in the future of the firm even if it remained listed.
London's leading shares index struggled to make progress yesterday after weaker-than-expected retail sales in the US overshadowed an upbeat bond auction in debt-laden Italy.
Cosalt shareholders are expected to meet soon to decide the company's future.
The chairman of Cosalt said last night he was confident the company would return to private ownership after revealing he had control of more than half its shares.
THE chairman of Cosalt has doubled his takeover offer for the firm after gaining control of nearly half the company's shares.