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Wednesday, June 17, 2009 8:48:14 AM
and a possible combination with ERHC/Sino/Addax
ERHC would be tagged to much of the PR and that is what we need
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Canada Hot Stocks To Watch: Addax,
Last Update: 6/17/2009 8:44:00 AM
TORONTO (Dow Jones)--Listed below are the stocks expected to move during Wednesday's trading session. They are listed with Tuesday's closing prices.
Executives from China's Sinopec Group are in London to meet with Addax Petroleum
Corp. (AXC.T, C$42.10, -C$2.11, -4.8%) to discuss a potential takeover bid,
people familiar with the matter told Dow Jones. Addax CEO Gandur is reported to
have said the company is open to a deal, but "they have to put a serious amount
of money on the table." On person said an offer in the $7 billion to $8 billion
range is likely. Several press reports have said Sinopec has offered about $7.8
billion.
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