Tuesday, October 04, 2005
Nelson hires BMO Nesbitt Burns to consider Lukoil bid – report
Story: Nelson Resources, the AIM-listed oil, gold and gas producer, has hired investment bank BMO Nesbitt Burns to consider an offer from Lukoil, the Times reported.
Russian Lukoil has made an unsolicited offer of 124p per share, valuing the company at GBP 1.1bn (EUR 1.6bn), the unsourced article said, noting that this is believed to be the first time a Russian business has tried to take over a London-listed group. The Canadian bank must report back to members of the Nelson board in seven days, the report stated, although holders of 66.3% of Nelson shares have already given Lukoil irrevocable undertakings, it added.
Source: The Times
Value: £1,100m (Lukoil offer for Nelson)
Russian Lukoil has made an unsolicited offer of 124p per share, valuing the company at GBP 1.1bn (EUR 1.6bn), the unsourced article said, noting that this is believed to be the first time a Russian business has tried to take over a London-listed group. The Canadian bank must report back to members of the Nelson board in seven days, the report stated, although holders of 66.3% of Nelson shares have already given Lukoil irrevocable undertakings, it added.
Source: The Times
Value: £1,100m (Lukoil offer for Nelson)
