Nostrum enters race for Tethys

Caitlin Morrison
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SHARES in London-listed Tethys Petroleum soared by 24.19 per cent yesterday to 9.62p after the group confirmed that Nostrum Oil & Gas had approached the board with an offer for its entire issued share capital.

Nostrum is offering CA$0.2185 per Tethys share, which is a premium of 15 per cent to the price that rival bidder AGR Energy has agreed to pay.

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