Deals
Medco Reaches Ophir Energy Takeover Deal at 55 Pence a Share
- Ophir directors back bid that values company at $511 million
- Medco will continue to study growth opportunities, CEO says
Photographer: Dimas Ardian/Bloomberg
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PT Medco Energi Internasional Tbk clinched a deal to buy Ophir Energy Plc at 55 pence a share after the U.K. oil producer dismissed an earlier approach.