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UK Businesses For SaleSale of Expro attracts rival bidders
23/05/2008
Expro International, the UK oil and gas exploration specialist, is on the market and has received two substantial bids.
Expro had received a £1.6 billion bid from Candover and Goldman Sachs, and was discussing a takeover when US-based Halliburton Group proposed a £1.7 billion offer for the business. The US engineering giant Halliburton has been running a due diligence process on Expro and has until this weekend to decide whether to submit a formal £1.8bn counter offer. Halliburton has lined up financing from several banks, including Citigroup, in preparation for the deal. The group is the world's second largest oil field contractor, and was once run by American Vice-President Dick Cheney. Expro provides deep-sea oil and gas technology services to the oil exploration industry. The sale of Expro comes as the energy services industry has seen a growing private equity interest in the sector. 
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05 Sep 2008
Events and exhibitions firm, Informa, has rejected a reduced takeover bid from a private equity cons...[more]
04 Sep 2008
The construction arm of Time and Tide Homes Ltd has recently gone into administration. The owners of...[more]
03 Sep 2008
Dunlopillo, the Yorkshire-based pillows and bedding manufacturer, has gone into administration leavi...[more]
02 Sep 2008
Superquinn, the privately-owned Irish supermarket chain, has received several unsolicited approaches...[more]
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© 1995-2008 Business Sale Report. A division of Business Data International Ltd. All rights reserved | |
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