M&A easier than E&P

WHEN Irish-based Tullow Oil lobbed into Australia in late September and made a takeover bid for Hardman Resources at a 51% premium to what the stock market thought it was worth, investors were caught by surprise and many analysts were left with red faces. By ADELE FERGUSON

09 December 2006
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Besides putting the mid-cap oil and gas sector in the spotlight as a target for local and foreign takeover activity, the move prompted a re-rating of other stocks and prompted some key broking houses

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