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Petro Andina directors oppose $400M takeover bid
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CBC
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July 03, 2009
Petro Andina Resources Inc.'s board of directors is urging shareholders to reject an unsolicited $400-million takeover bid from a private Dutch company. The Calgary-based company issued a statement Friday saying the offer from a wholly owned subsidiary of Pluspetrol Resources Corp. is 'inadequate fr...
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