Venture rejects bid from Centrica - BBC News

By
Viraj
on July 13, 2009 1:36 AM | | TrackBacks (0)
Shareholders in Venture Production want a "significantly higher" offer than the one made by British Gas-owner Centrica, the company has said.

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Centrica made an offer of 845 pence per share for Venture after the market closed on Friday, valuing it at £1.3bn. Centrica had faced a Monday deadline set by the Takeover Panel to make an offer for Venture.

Full Story: Venture rejects bid from Centrica - BBC News

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