21st Jan 2016 08:33
LONDON (Alliance News) - San Leon Energy PLC on Thursday said its takeover talks have been terminated.
The company said it had entered into discussions about being acquired back in August, but said on Thursday the potential bidder, which was not named, has decided against making a bid and terminated the talks.
Shares in San Leon, an Irish oil and gas company with assets in Europe and North Africa, were down 13% to 25.28 pence.
By Sam Unsted; [email protected]; @SamUAtAlliance
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