Thursday, January 17, 9:23 AM
Magellan Petroleum (MPET) -7.5% premarket on news it is repurchasing ~9.26M shares of its common stock, or 17% of total shares outstanding, from Glencore subsidiary Sopak.
Comment![Energy, On the Move]
Monday, September 10, 2012, 9:29 AM
Magellan Petroleum (MPET) -2.8% premarket after its board says it will not to pursue a proposal by Stratex Oil & Gas Holdings to acquire the company. The board says Stratex did not respond to a written request for financial statements, organizational structure, oil and gas properties, and terms and conditions of the "committed financing" for the cash component of the proposal.
Comment![Energy, M&A, On the Move]