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AUSTRALIA

TransAtlantic enters ring for Incremental

CANADIAN company TransAtlantic Petroleum has made an all-cash off-market takeover offer of $1.05 per share for Incremental Petroleum that trumps Cooper Energy's bid.

Marija Stojkovic

The offer, which will be made through an Australian subsidiary of TransAtlantic that has yet to be incorporated, represents a 12.9% premium to the Incremental share closing price of 93c on October 24,...

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