Alfa and Harbour Energy offer to buy out Rubiales

Mexican conglomerate Alfa and Harbour Energy intend to make a buyout offer for Canada-based oil company Pacific Rubiales Energy, the companies said late Tuesday.

Alfa and Harbor Energy have completed technical, financial and legal due diligence, and are working with Pacific Rubiales to complete a definitive offer as soon as possible, Alfa and Pacific Rubiales said in separate news releases.




Source: Wall Street Journal