- Pacific Exploration & Production (PEGFF) shareholders ask Colombia's markets regulator to block a possible buyout deal they say favors management over investors.
- Led by O'Hara Administration, which owns a 20% stake in Pacific, the shareholder group's formal complaint alleges that an offer by Catalyst Capital Group benefits Pacific's co-chairmen but could leave shareholders with nothing.
- Pacific's board reportedly postponed a meeting scheduled yesterday to decide among at least three proposals to reduce the company debt burden.
- Now read Bloomberg: Pacific E&P co-chairmen near takeover deal
Shareholders seek to block Pacific Exploration takeover deal
Recommended For You
More Trending News
Related Stocks
Symbol | Last Price | % Chg |
---|---|---|
PEGFQ | - | - |
Pacific Exploration & Production Corp. |