Shell Closes In On $1.9B Cove Buy With Mozambique's Nod
The parties received written confirmation from the Mozambique Minister of Natural Resources that it consents to subsidiary Shell Exploration and Production BV's 220-pence-per-share ($3.56-per-share) cash offer for Cove, the oil company said in a statement issued Thursday.
Once finalized, the takeover, which Shell announced April 24, will give Europe's largest...
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