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Amerisur Suitor Maurel & Prom Backs Away Following GeoPark Deal

Mon, 02nd Dec 2019 18:33

(Alliance News) - France's Etablissements Maurel & Prom SA on Monday said it has decided against a bid for Amerisur Resources PLC.

Amerisur began a strategic review in July, after receiving interest from fellow operators in Colombia, rejected a USD260 million proposal from Maurel & Prom soon after.

In November, Cardiff-based Amerisur agreed a GBP242 million takeover by Latin America-focused oil and gas producer GeoPark Ltd. GeoPark will be paying 19.21 pence per share for Amerisur, with shares closing flat Monday in London at 18.70p.

As a result of this accepted bid, Maurel & Prom has decided against pursuing a competing offer.

By George Collard; georgecollard@alliancenews.com

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AMER.L Share News (AMER)

Amerisur Suitor Maurel & Prom Backs Away Following GeoPark Deal

LONDON BRIEFING: TUI And Carnival Lift Travel Sector Gloom

Amersiur Expects Reserves To Increase This Year After Falling In 2015

Amerisur Resources Issues Shares To Cover Platino Consideration (ALLISS)

BROKER RATINGS SUMMARY: Citi Downgrades Anglo, Antofagasta and Lonmin

BROKER RATINGS SUMMARY: HSBC And Merrill Lynch Downgrade Admiral

Amerisur shares down after quick-fire placing

Amerisur To Raise USD35 Million To Accelerate Drilling In Colombia (ALLISS)

BROKER RATINGS SUMMARY: JPMorgan Upgrades Essentra To Overweight

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