Subject category:
Finance, Accounting and Control
Published by:
Ivey Publishing
Version: 1998-09-07
Length: 23 pages
Data source: Field research
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Abstract
Wascana Energy Inc, an oil and gas producer, had just rejected an unsolicited $1.8 billion takeover offer from Talisman Energy Inc. Rival Canadian Occidental Petroleum Ltd had gained access to confidential Wascana data in order to determine whether a higher bid than Talisman''s was warranted, and if so, how to structure the deal. The acquisition would need to make strategic sense.
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Abstract
Wascana Energy Inc, an oil and gas producer, had just rejected an unsolicited $1.8 billion takeover offer from Talisman Energy Inc. Rival Canadian Occidental Petroleum Ltd had gained access to confidential Wascana data in order to determine whether a higher bid than Talisman''s was warranted, and if so, how to structure the deal. The acquisition would need to make strategic sense.