Venture Production: Take No Action On Centrica Deal
March 18 2009 - 9:31AM
Dow Jones News
Venture Production said Wednesday that the announcement by
Centrica "substantially undervalues the Company, its prospects and
strategic position particularly with regard to its U.K. gas
resources", and urges shareholders to take no action.
Centrica earlier announced the acquisition, together with
concert parties, of a 22.3% stake in Venture at 725 pence per
share.
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