Pacific Rubiales to Terminate Takeover by Alfa, Harbour

Pacific Rubiales Energy Corp. agreed to terminate its $1.7 billion takeover by Alfa SAB and Harbour Energy Ltd. at their request.

“The arrangement agreement will terminate with no further material obligations by the Company to Alfa and Harbour Energy, including any termination/break fee or expense reimbursement,” Pacific Rubiales said in a statement Wednesday.

Link to Statement:Link

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