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Oct 15 2019, 08:55 IST/BST
Eland Oil and Gas
Cash bid good outcome for shareholders
- Sectors : Resource
- Companies : Eland Oil and Gas
DAVY VIEW
The all cash offer for Eland by Seplat should be warmly welcomed by shareholders. It is a neat outcome that recognises a degree of upside but also the reality of the current public market for oil and gas equity. We think the recommended offer of 166p (29% premium) is likely the final outcome — a counterbid is always possible but unlikely in our view.
