UK's Centrica offers to buy all of Venture
LONDON, July 10 (Reuters) - British utility Centrica (CNA.L) said on Friday it had bought private equity firm 3i's (III.L) 5.4 percent stake in North Sea oil and gas producer Venture Production to take its stake to approximately 29 percent.
Centrica said it was offering to buy the rest of Venture at 845 pence a share in cash. (Reporting by Tim Castle, editing by Leslie Gevirtz)
© Thomson Reuters 2009 All rights reserved
Wall St meets "The Sopranos"
Details of an alleged insider trading ring read like the script of a mobster drama, full of coded nicknames, disposable cell phones and paranoia about informants. But in the end, all of the precautions were for naught. Full Article
