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Russia's Integra says gets acquisition bid from management
March 27, 2014 / 9:37 AM / 3 years ago

Russia's Integra says gets acquisition bid from management

MOSCOW, March 27 (Reuters) - Russian oil services group Integra said on Thursday it has received a proposal from some members of its management to acquire the company.

The company also said that the management would pay $10 per common share or $20 per Global Depositary Receipt (GDR), valuing the company at approximately $89.7 million on a fully diluted basis.

Integra’s GDRs jumped more than 13 percent to $17 in early trade. (Reporting by Vladimir Soldatkin; Editing by Lidia Kelly)

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