Regal Petroleum share price up on FTSE after confirming takeover offers
Shares in Regal Petroleum were up on the FTSE AIM All Share in morning trading, following yesterdays statement confirming a possible takeover.
The group, responding to press speculation, said that after the announcement of a strategic review on 30 September it had received "a number of approaches in relation to a potential offer".
Regal added that any discussions relating to a takeover were still at a "preliminary stage" and were not guaranteed to lead to a final offer being made.
By 09:55 shares in Regal Petroleum were up 4.11 per cent on the FTSE AIM All Share to 19.00 pence per share.
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