CAT oil boards recommend shareholders accept Dijols' offers

Petro Welt Technologies AG

19/12/2014 20:27

FRANKFURT, Dec 19 (Reuters) - CAT oil's  O2C.DE  management 
and supervisory boards recommended that the Austrian fracking 
specialist's shareholders accept a takeover offer by oil 
industry veteran Maurice Dijols. 
    Dijols launched the offer last week, valuing CAT oil at 744 
million euros ($926 million). 
    "(The) Management Board and Supervisory Board indicate that 
the offer price of 15.23 euros is adequate from a financial 
point of view," CAT oil said in a statement on Friday. 
    "However, the bidder's intentions remain, to a large extent, 
unclear," it added. 
    Dijols' offer, made via British Virgin Islands-based 
takeover vehicle Joma Industrial Source Corp, runs through Jan. 
8. 
 
 (Reporting by Maria Sheahan; editing by Ralph Boulton) 
 ((maria.sheahan@thomsonreuters.com; +49 69 7565 1286; Reuters 
Messaging: maria.sheahan.thomsonreuters.com@reuters.net)) 
 
Keywords: CAT OIL M&A/JOMA