Premier Oil rebuffs Ophir Energys approaches - Ophir Energy - TopicsExpress

Premier Oil rebuffs Ophir Energys approaches - Ophir Energy (LON:OPHR) has confirmed press speculation that it mooted to the board of Premier Oil (LON:PMO) a merger of the two companies. The proposal was unanimously rejected by the board of Premier, and Ophir has now walked away and, barring a third party emerging as a bidder for Premier, is prevented from making an offer for Premier within the next six months. French bank Societe Generale notes that over the last 12... ow.ly/2G69xr

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