UK-listed Union Jack Oil rises after takeover interest
Yesterday 08:25
BUZZ-UK-listed Union Jack Oil rises after takeover interest ** Shares of hydrocarbon production and exploration co Union Jack Oil UJO.L up as much as 18% at 3.95 pence
** Co receives non-binding, indicative all-share offer proposal from Reabold Resources RBDR.L
** Under UK takeover rules, Reabold has until July 13 to announce a firm intention to bid or walk away, unless an extension is granted
** YTD, stock is up ~60%
(Reporting by Neeshita Beura in Bengaluru)