Indonesia's Medco Energi could offer $436m for Britain's Ophir

Indonesia’s Medco Energi International Tbk PT said on Friday a possible all-cash takeover offer by its unit for Ophir Energy would value the British firm at 340 million pounds ($435.88 million).

Medco said shareholders of Ophir, an upstream oil and gas exploration and production company focused on Asia and Africa, would receive 48.5 pence in cash for each Ophir share.

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