Monday, 20 February 2012

Tanjung Offshore up on takeover talk

Tanjung Offshore Bhd, an oil and gas services provider, jumped 6.6 percent to 96.5 sen in Kuala Lumpur at 9.45am, on course for its highest close since Aug. 8.

The company may be a takeover target, the Edge newspaper reported, citing people it didn’t identify.

Managing Director Omar Khalid couldn’t be immediately reached for comment when phoned at his office today. -- Bloomberg



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