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CORRECTED-UPDATE 1-Ithaca Energy receives takeover approaches
March 1, 2012 / 7:26 AM / 6 years ago

CORRECTED-UPDATE 1-Ithaca Energy receives takeover approaches

(Corrects headline and paragraph 1 to say company has received takeover interests, not offers)

March 1 (Reuters) - North Sea-focused oil and gas explorer Ithaca Energy Inc said on Thursday it had received unsolicited takeover interest from a number of parties.

The company’s board would hold discussions with the interested parties to weigh opportunities to maximize shareholder value, Ithaca said in a statement.

It added that the discussions were at a preliminary stage and there was no certainty of an offer being made.

In January, Ithaca Energy confirmed that it had received a confidential offer to acquire all of its outstanding shares from an unnamed buyer, without disclosing any financial details. (Reporting by Eileen Anupa Soreng in Bangalore; Editing by Helen Massy-Beresford)

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