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Tuesday, 14 October, 2008, 16:20 GMT | more prices >>

Unnamed player woos Expro



By Upstream staff 

UK oilfield services player Expro International said today it had received a proposal from an unnamed outfit which may lead to an offer being made for the company.

However, the company said in a statement the approach was "very preliminary" and may or may not lead to an offer being made.

"The preliminary nature of the proposal is such that there can be no certainty that any offer will be forthcoming or as to the terms of any offer," it said.

At 1245 GMT, Expro shares were up 25% to a three-month high at 1,154 pence, valuing the company at £1.26 billion ($2.5 billion).


Friday, 29 February, 2008, 13:03 GMT  | last updated: Friday, 29 February, 2008, 13:15 GMT

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