(Reuters) - BUDAPEST, July 16 - Hungarian oil firm MOL
spurned what it said was a hostile approach from
Austrian rival OMV and on Monday presented new
financial targets which it said proved it was on track for
growth.
MOL said its core profit will rise by a compounded annual
6.5 percent through 2011 even without acquisitions and the firm
will return more money to shareholders by sharply raising its
dividend payment and buying back shares.
Read more at Reuters.com Mergers News
spurned what it said was a hostile approach from
Austrian rival OMV and on Monday presented new
financial targets which it said proved it was on track for
growth.
MOL said its core profit will rise by a compounded annual
6.5 percent through 2011 even without acquisitions and the firm
will return more money to shareholders by sharply raising its
dividend payment and buying back shares.
Read more at Reuters.com Mergers News
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