30th Sep 2014 09:26
LONDON (Alliance News) - Empyrean Energy PLC Tuesday said it has received a number of indicative takeover offers and is in the process of evaluating its options as part of its ongoing strategic review.
In a statement ahead of its annual general meeting, Chief Executive Officer Tom Kelly said the company has received a number of indicative proposals which it is in the process of clarifying and evaluating.
The company put itself up for sale in July, saying that recent acquisitions of companies operating in the same shale gas region that it does had highlighted the value of the business.
Shares in the company were up 6.1% to 19.50 pence on Tuesday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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