British-Borneo to acquire Hardy Oil
Article Abstract:
British-Borneo Petroleum Syndicate PLC will buy Hardy Oil & Gas PLC in a stock swap deal worth around 339 million pound-sterling ($573 million). Under the terms of the deal, British-Borneo will issue six new shares for every seven Hardy shares and pay Hardy shareholders a penny-per-share interim dividend. The combined company, British Borneo Oil & Gas PLC, has a market capitalization of around 910 million pound-sterling. Analysts lauded the deal, saying the two companies complement each other and, combined, would create a stronger exploration and production concern.
Comment:
Will buy Hardy Oil & Gas PLC in a stock swap deal worth around 339 million pound-sterling
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
Upbeat CMG sees profit rise strongly
Article Abstract:
CMG PLC, an information technology services firm, is confident that its customers will not cut spending. The company's profit before tax and goodwill increased 51% to GBP36.8 million (Euro55.9 million) in the six months through June. Revenue increased 50% to GBP290.5 million, and operating margins increased to 12.5%, from 12.2%.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1999
User Contributions:
Comment about this article or add new information about this topic:
F.I. Group to buy Druid for 1.08 billion euros in stock
Article Abstract:
FI Group PLC has reached an agreement to acquire Druid Group PLC, a consulting firm. FI Group is acquiring Druid for 670 million pounds (1.08 billion euros) in an exchange of stock.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2000
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Yahoo holds talks to acquire Myplay for $200 million. Yahoo's 'Grumpy' is bashful. Cendant in negotiations to acquire WorldSpan
- Abstracts: Earnings increased in third quarter at drug companies. Galen's profit rose 75% in quarter on U.S. sales
- Abstracts: UBS to publish preliminary earnings early. UBS net falls 29%, but bank shows signs of recovery. Credit Suisse net declines by 25% on DLJ acquisition
- Abstracts: Skandia posts loss but optimism helps to lift its stock. OM Gruppen records 23% rise in pretax profit. Gambro posts lower earnings; president of key unit quits
- Abstracts: Bank Austria merger to spark Eastern Europe consolidation. HypoVereinsbank aims at expansion. Halifax and Bank of Scotland may finalize merger soon