Wed, 13th Jun 2012 07:21 LONDON, June 13 (Reuters) - Cairn Energy PLC:
* Offer for Nautical Petroleum Plc
* N
autical shareholders will be entitled to receive 450 pence in cash for each
Nautical share held
* Offer values the issued and to be issued share capital of Nautical at
approximately £414 million
* Nautical shareholders will be entitled to receive 450 pence in cash
for each Nautical share
* Says acquisition would continue its strategy of balancing transformational
exploration portfolio with development assets
((London Equities Newsroom; +44 20 7542 7717))
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