Source familiar with the private matter told Reuters that many Canadian Oil Sands shareholders, who together own sizable stake, submitted letters requesting extended “poison pill” deadline to Alberta Securities Commission.
The takeover, which will involve FOGL's chief executive and chairman joining the Rockhopper board as non-executive directors, will merge the companies' exploration campaigns in the Falkland Islands.
Combined, the company will operate 408,000 HHP, 23 coiled tubing units, 33 snubbing units, 24 cementing units, 23 nitrogen pumping units, 25 fluid pumping units, 86 wireline units, 120 directional kits and more than 825 mud motors.
The acquisition will make Shell the world's top LNG trader, although it still needs approval from China and Australia's Foreign Investment Review Board to go ahead as planned in early 2016.
The $14.8 billion deal will expand Schlumberger into new territories in subsea and equipment manufacturing.
BG CEO Helge Lund, who joined the company from Statoil in February 2015, has said he would not stay on after the merger, Reuters reported.
The offer, which included a “modest” premium, would have been “highly” accretive to Anadarko on a cash flow per-share basis even before synergies, Anadarko said Nov. 11.
Santos recently rejected an AU$7.1 billion takeover proposal from Scepter, a fund backed by royal families of Brunei and United Arab Emirates, saying the offer was too cheap, Reuters said.
The potential buyer sent a letter to Apache in the "past few weeks," according to one source cited in the report. It was not clear if the talks would resume.
Halliburton said it intends to use the net proceeds for general corporate purposes, including financing a portion of the cash consideration component of the Baker Hughes acquisition.
Shareholders are urged not to take action or make any decision with regard to 1927297 Alberta Ltd.’s offer until the board has fully reviewed it and made a recommendation.
In July, MarkWest and MPLX entered a definitive merger agreement, which would create the fourth-largest MLP by market value.
|Mid||USD 15700||Members only||MarkWest Energy Partners LP|
|E&P||USD 29.5||Members only||Undisclosed|
|Mid||USD 40||Members only||Apache Corp.|
|E&P||USD 850||Members only||Encana Corp.|