5th Sep 2005 07:02
Total S.A.02 September 2005 Total increases its offer to acquire Deer Creek Paris - September 2nd, 2005 - Total E&P Canada Ltd., a wholly-owned subsidiaryof Total, announces that it is mailing a notice of variation and extension ofits offer to acquire the issued and outstanding shares of Deer Creek Energy Ltd.pursuant to its take-over bid circular dated August 5, 2005. Having been informed by Deer Creek of a competing proposal, Total has decided toexercise its right to match the competing proposal as stipulated in theagreement signed August 2, 2005. Accordingly, Total has increased its previous offer to 31 Canadian dollars pershare. The time during which the offer is open for acceptance has been extendedto 1:00 AM Calgary time September 13th 2005. The Board of Directors of Deer Creek has agreed to the amendments and continuesto unanimously recommend the offer to the shareholders of the company. Total E&P Canada has received all necessary regulatory approvals regarding its offer. * * * * * * Total is the fourth largest oil and gas company in the world with operations in more than 130 countries. Total's activities cover the whole energy chain of the petroleum industry: exploration, oil and gas production, refining and marketing, trading and power generation. The Group is also a major player in chemicals. Total has more than 111,000 employees worldwide. More information can be found on the company's website: www.total.com This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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