- InterOil (IOC) +6.9% AH, apparently on speculation from a Daily Mail story that the company is a strong takeover target.
- Teck Resources (TCK) is said to be lining up a $4B-plus cash offer, with advisor BAML after reaching agreement with IOC’s 19.8% shareholder Chandler Corp. and holding several meetings with IOC management about transacting a friendly deal.
- Shell (RDS.A, RDS.B) also is mentioned as a potential bidder; it would have plenty of cash after the sale of its Italian retail business to Kuwait Petroleum and if it disposes of its 23% (£3.95B) stake in Australia's Woodside Petroleum.
From other sites
at CNBC.com (Dec 30, 2014)
at CNBC.com (Aug 1, 2014)
at CNBC.com (Oct 29, 2012)
at CNBC.com (Sep 14, 2012)
at CNBC.com (Aug 28, 2012)
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