Report: Coastal Energy gets $2.3B takeover offer


Coastal Energy (CENJF.PK) has received a $2.3B takeover offer from Strategic Resources Ltd., a subsidiary of Hong Kong-based PE firm Jynwel Capital, and Spain's CEPSA, Financial Post reports.

The offer is believed to equal $20/share, which would represent a premium of nearly 20%, but takeover interest last year from Indonesia's Pertamina fell through because of a disagreement over the price.

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