Qatar’s Al Mirqab Agrees to Buy Heritage Oil for $1.5 Billion - Bloomberg:
"Al Mirqab Capital SPC, a company controlled by Qatar’s royal family, offered to buy Heritage Oil Plc (HOIL) for 924 million pounds ($1.5 billion) in cash.
The 320 pence a share offer, recommended by Heritage’s board, is a 25 percent premium to yesterday’s closing price, Heritage said in a statement today.
Heritage holds stakes in oil fields in Nigeria. The company’s chief executive officer, Tony Buckingham, will retain a 20 percent holding in the company and serve as adviser for at least five years."
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