News Source: Asian Wall Street Journal
| 2 months ago
State-run China National Petroleum Corp. has dropped its $460 million buyout offer for Canada-based, Libya-focused Verenex Energy Inc. after the Libyan government refused to approve the proposed takeover, sending the small oil producer's stock...
News Source: International Business Times
| 2 months ago
Verenex shares fell C$1.10, or 14 percent, to C$6.55 by midmorning on Tuesday on the Toronto Stock Exchange, following the company's news release. Libya's National Oil Company has refused needed approvals for the C$10 per share takeover that was...
News Source: Uinta County News
| 2 months ago
Verenex Energy Inc., the Canadian energy producer targeted for takeover by the largest Chinese oil company, said it’s in talks on a possible sale to a Libyan fund after the North African nation blocked its deal with China National Petroleum Corp.
News Source: The Globe & Mail
| 2 months ago
VNX-T said Tuesday its sale to China was scuttled after Libya refused to approve the transaction. International, first announced in late February, was contingent on approval from the Libyan National Oil Corp.