Ratio Petroleum Energy raised its recommended offer for Pharos Energy to 32.8183p per share, beating Serica’s rival bid and valuing Pharos at ~£146.4m. The offer terms are 28.8183p in cash plus a 4p special dividend, which increases shareholder takeout and likely supports near-term deal momentum.
Ratio Petroleum Energy raised its recommended offer for Pharos Energy to 32.8183p per share, beating Serica’s rival bid and valuing Pharos at ~£146.4m. The offer terms are 28.8183p in cash plus a 4p special dividend, which increases shareholder takeout and likely supports near-term deal momentum.
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mildly positive
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0.35
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