(EnergyAsia, December 28) — Canada-based oil and gas firm Niko Resources has rejected a US$1.4 billion takeover bid by Indian Oil Corp (IOC), Canada’s Globe and Mail reported. Niko said it received a preliminary expression of interest from IOC which Niko’s board determined “was not sufficiently clear and certain to permit them to even…
INDIA: Canada’s Niko rejects IOC’s US$1.4billion bid
Posted on December 28, 2005 by EnergyAsia