Rosneft To Offer Lower Share Price Deal To TNK-BP Minority

Law360, New York (June 27, 2013, 7:27 PM EDT) -- Russian energy giant OAO Rosneft reportedly indicated Thursday that it was considering buying out minority shareholders from a subsidiary of TNK-BP Ltd., which it took over earlier this year in a $28 billion deal, but not necessarily for the share prices it offered parent shareholders.

Noting that Rosneft was under no obligation to buy out TNK-BP Holding shareholders, company officials said at a shareholder meeting that they were considering a voluntary offer or a stock conversion into Rosneft shares, according to a report by the Financial...
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