Saturday, March 1, 2008

EXR

"Oil services group Expro may be the subject of a bidding war. Yesterday it revealed a takeover approach, and its shares soared 332.5p to £12.59. Expro is an attractive target because of its technology, with the jewel in the crown being its AX-S system for deep sea exploration. AX-S is a couple of years away from full development, but this makes it a good time for a predator to pounce. Schlumberger, Baker Hughes and GE are possible bidders, along with private equity groups."

http://www.guardian.co.uk/business/2008/mar/01/insurance.banking