Wednesday, July 11, 2007

OMV could offer over $166/share for MOL: sources

(Reuters) - OMV has negotiated a 13.5 billion euro loan for the takeover as it seeks to convince its Hungarian rival to enter merger talks, the sources added on Wednesday.




OMV has loosely agreed loan terms with banks including J.P. Morgan and Barclays but has yet to sign any deal formally, the sources said, adding that there remain "many significant hurdles" to any offer being made and the loan may not be required.


Read more at Reuters.com Mergers News

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