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Sound makes 'hostile' bid for Antrim

MEDITERRANEAN-focused Sound Oil has made what RFC Ambrian calls a "hostile" £6.35 million takeover offer for Canada's Antrim Energy, which says it is trying to convince its suitor to drop its aggressive posturing and come to the table for friendly talks.

Anthony Barich
Sound makes 'hostile' bid for Antrim

Antrim said it "is and remains concerned by Sound Oil's previous unwillingness to allow the company to undertake normal due diligence procedures, which the board considers important for achieving a fair...

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