Deals
Vedanta Said to Hold Talks on Deal With Cairn Energy
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Vedanta Resources Plc is in talks to purchase assets or take a multibillion-dollar equity stake in Cairn Energy Plc, a U.K. oil and gas exploration company, according to people with knowledge of the matter.
The talks are advanced, and a deal may be announced later this month, said the people, who declined to be identified because the negotiations are private. The companies have discussed a range of options, including an equity stake, asset purchases or a complete takeover of Cairn, one person said.