- Longview Oil (LGVWF +10.2%) says it is reviewing an unsolicited, non-binding takeover offer from an unidentified public company.
- Longview provides few details except that the prospective bidder would pay for the deal with its own shares.
- The company adopts a shareholder rights plan as a defensive move to provide its board with time to evaluate the offer and alternatives.
Longview Oil +10.2% on takeover offer but few details released
Feb 10 2014, 10:29 ET