Wednesday, 11 July 2007

OMV could bid more than $166/shr for MOL-sources

(Reuters) - OMV has loosely agreed terms on the loan with banks
including J.P. Morgan and Barclays but has yet to sign any deal
formally, the sources said, adding that there remain "many
significant hurdles" to any offer being made and the loan may
not be required.




The Austrian company has no plans to go hostile against MOL
and is trying to win over the board as it tries to create a
central European energy giant.


Read more at Reuters.com Mergers News

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