Pacific E&P shareholders seek to block Catalyst Capital deal: Reuters
A group of shareholders in Pacific Exploration & Production Corp has asked Colombia's markets regulator to block a possible buyout deal by Canadian private equity firm Catalyst Capital Group Inc, Reuters reported, citing a story by the Wall Street Journal. The shareholder group, led by O'Hara Administration Co, claim that the offer by Catalyst benefits Pacific's co-chairmen but leaves shareholders with nothing. Pacific is a Canadian explorer and producer of natural gas and crude oil in Latin America.
11 April 2016•1 min read
