Petron makes offer for Esso Malaysia RM3.59

Posted by lech001 > 2012-03-19 20:27 | Report Abuse

San Miguel Corp said a Petron Corp affiliate submitted a mandatory takeover offer to acquire 35 percent of Esso Malaysia Bhd. The offer was required following Petron Oil and Gas International Bhd’s purchase of 65 percent of Esso Malaysia, which is expected to be completed on March 30, San Miguel said in a disclosure to the stock exchange today. The offer price is RM3.59 a share, it said.

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