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BIDDING WAR FOR AUSTRALIA'S NOVUS SET TO CONTINUE.
SYDNEY, June 1 Asia Pulse - The bidding war for Novus Petroleum Ltd (ASX:NVS) looks set to reignite this week with Sunov Petroleum foreshadowing an update on its commitment to taking over the Australian oil and gas company.
In a fourth supplementary bidders statement, Sunov Petroleum yesterday said it was still considering its position and would update the market no later than Thursday.
Sunov Petroleum has been vying with Indonesian energy giant Medco Energi Internasional Tbk to take control of the oil and gas company.
Novus directors last week recommended shareholders accept Medco's A$1.90 a share offer, in the absence of a higher bid, after Medco declared it unconditional.
Sunov, the bid vehicle of Novus boss Bob Williams and Hong Kong investment bank Crosby Capital Partners, has offered A$1.85 a share.
Earlier yesterday, Novus chairman David Blair told ...
- SUNOV PETROLEUM EXTENDS PERIOD FOR NOVUS TAKEOVER BID.
- News wire article from: AsiaPulse News May 27, 2004 700+ words
...Pulse - The Hong Kong-backed Sunov Petroleum has extended the offer period...74 per share, surpassing Sunov Petroleum's $1.85 a share bid. Today...higher offer would reignite a bidding war for Novus. "Sunov continues...
- SUNOV PETROLEUM RAISES OFFER FOR AUSTRALIA'S NOVUS.
- News wire article from: AsiaPulse News April 22, 2004 700+ words
SYDNEY, April 22 Asia Pulse - Sunov Petroleum Pty Ltd has increased its offer price for Novus Petroleum (ASX:NVS) to .85 a share from its previous offer of $1.77. The...
- INDONESIA'S MEDCO ENERGI RAISES BID FOR AUSTRALIA'S NOVUS.
- News wire article from: AsiaPulse News May 26, 2004 700+ words
...sparking a potential renewed bidding war. Medco increased its offer to...share, surpassing rival bidder Sunov Petroleum's $1.85 a share bid. An...but was likely to reignite a bidding war. "It puts the onus back on...
- Bidding war ends.(Tuesday, May 15)(Inverness Medical Innovations Inc. wins...
- Magazine article from: San Diego Business Journal Allen, Mike May 21, 2007 700+ words
Bidding War Ends: Beckman Coulter Inc., a Fullerton...medical diagnostic kits, called off the bidding war for San Diego-based Biosite Inc...percent, because of the news. Before the bidding war for Biosite began in March, its shares...
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- Magazine article from: Daily News Record Gellers, Stan November 19, 1996 700+ words
NEW YORK -- A bidding war may soon erupt for C&R Clothiers...s Wearhouse insisted that, if a bidding war does indeed break out, the company...Among those expecting a spirited bidding war for C&R is Jeff Weintraub...
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- Newspaper article from: Defense Daily March 14, 1994 700+ words
...Wall Street is speculating that a bidding war between Northrop and Martin Marietta...per share for Grumman, initiating the bidding war (Defense Daily, March 11). Northrop...may have more of an incentive to win a bidding war, even if the share price goes beyond...
- STOP BIDDING WAR OVER IMMIGRATION; Labour and Tory asylum plans slated.(News)
- Newspaper article from: Daily Record (Glasgow, Scotland) February 8, 2005 700+ words
...yesterday accused of an immigration 'bidding war' with the Tories to win votes. Home...be heading for is a very unfortunate bidding war about who can be nastiest to asylum...wrong' to say he was involved in a bidding war. He claimed Labour's five-year...
- Machinery bidding war is on. (Editor's Notebook) (editorial)
- Magazine article from: Implement & Tractor Nesbitt, Scott July 1, 1990 700+ words
Machinery Bidding War Is On One of our Eastern Kansas radio...the price up." Realistically, a bidding war can only start if two buyers start...shows up. It's more likely that the bidding war developed like this: Farmer Adams...
