Regal Petroleum has received an unofficial takeover offer from Victor Pinchuk, Financial Times reports. Heamoor and Geo-Alliance Oil-Gas, owned by Pinchuk, have offered 25 pence a share to Regal. Regal has also received an official cash offer of 24 pence a share from Energees Management, valuing the company at £77 million. The Energees offer is open until Jan. 24, 2011, adds Reuters. Heamoor and Geo-Alliance may make a firm offer for Regal by Feb. 10, 2011.
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