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Indonesia’s Medco considers all-cash takeover of Ophir



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UK-based Ophir Energy confirmed Dec. 31 that it is in discussions for a potential all-cash takeover bid with Indonesia’s privately owned Medco Energi Global. Asia and Africa-focused Ophir said Medco has until Jan. 28 to make a formal offer. “The boards of Ophir and Medco confirm they are in discussions about a possible cash offer to be made by Medco for the entire issued and to be issued share capital of Ophir,” Ophir said.......
 
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