Rockhopper Agrees to Buy Falkland Oil in $87 Million Deal

Updated on
  • Falkland Oil holders get 0.2993 Rockhopper share for each held
  • Transaction is 11% premium to Falkland's stock price on Monday

Rockhopper Exploration Plc agreed to buy Falkland Oil & Gas Ltd. in an all-share deal that values the explorer at 57.1 million pounds ($87 million).

To continue reading this article you must be a Bloomberg Professional Service Subscriber.