recently agreed to be bought over by China’s Sinopec International Petroleum Exploration and Production Corporation (SIPC) for C$31.50 per share in cash. (US$1=C$1.10). The offer represented a substantial premium to both the recent and historical trading prices of Tanganyika’s shares. The acquisition will be funded through SIPC’s internal resources and is not conditional upon any…
CHINA: Sinopec makes C$31.50 per share cash offer to take over Canada’s Tanganyika Oil
Posted on October 9, 2008 by EnergyAsia