Roc Oil fields third party bid

Proposed 'merger of equals' between Roc, Horizon Oil under threat from unnamed third party.

The proposed merger between Roc Oil (ROC) and Horizon Oil has been thrown a curveball (HZN), after it was revealed an unidentified third party has lobbed a bid for Roc.

Horizon said it had been advised that Roc has received an an indicative, non-binding and confidential approach by a third party.

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