{"id":13252,"date":"2026-08-10T09:58:54","date_gmt":"2026-08-10T09:58:54","guid":{"rendered":"https:\/\/stock999.top\/?p=13252"},"modified":"2026-08-10T09:58:54","modified_gmt":"2026-08-10T09:58:54","slug":"serica-sticks-to-pharos-terms-despite-higher-ratio-offer-daily-business","status":"publish","type":"post","link":"https:\/\/stock999.top\/?p=13252","title":{"rendered":"Serica sticks to Pharos terms despite higher Ratio offer \u2013 Daily Business"},"content":{"rendered":"<p>            <\/p>\n<p>Serica is not raising its offer for Pharos<\/p>\n<p class=\"has-medium-font-size wp-block-paragraph\">Serica Energy said it is sticking to its existing offer for Pharos Energy despite bid rival Ratio Petroleum increasing its proposed price.<\/p>\n<p class=\"has-medium-font-size wp-block-paragraph\">On Friday, Vietnam and Egypt focused Pharos Energy withdrew its support for Serica\u2019s \u00a3145.7 million cash offer and is recommending a revised takeover approach from Ratio.<\/p>\n<p class=\"has-medium-font-size wp-block-paragraph\">The recommended takeover offer by Tel Aviv-based Ratio values Pharos at \u00a3146.4 million, around 32.82 pence per share, or 0.5% more than Serica Energy\u2019s offer announced in late July, valuing Pharos Energy at 32.67p, or \u00a3145.7 million.<\/p>\n<p class=\"has-medium-font-size wp-block-paragraph\">Ratio\u2019s initial approach in late June had valued Pharos Energy at 28p each, around \u00a3124.3 million.<\/p>\n<p class=\"has-medium-font-size wp-block-paragraph\">Under Ratio\u2019s new offer, Pharos Energy shareholders would receive about 28.82p in cash, plus 4.0p in cash per Pharos Share via a special dividend to be paid from Pharos\u2019s existing cash resources.<\/p>\n<p class=\"has-medium-font-size wp-block-paragraph\">Serica has this morning stated that it \u201cretains a highly disciplined approach to M&amp;A\u201d and the financial terms of its offer of 32.6683p per Pharos share, comprised of 28.6683p in cash and 4p in cash by way of a special dividend are final and will not be increased.<\/p>\n<p class=\"has-medium-font-size wp-block-paragraph\">It said it continues to rigorously evaluate a pipeline of opportunities, both in the UK North Sea and other areas in which the Company can successfully deliver its strategy.<\/p>\n<p>           \t            #Serica #sticks #Pharos #terms #higher #Ratio #offer #Daily #Business<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Serica is not raising its offer for Pharos Serica Energy said it is sticking to&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[7],"tags":[272,306,1413,1658,17995,17992,14211,17994,17993,9607,3744],"_links":{"self":[{"href":"https:\/\/stock999.top\/index.php?rest_route=\/wp\/v2\/posts\/13252"}],"collection":[{"href":"https:\/\/stock999.top\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stock999.top\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stock999.top\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/stock999.top\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=13252"}],"version-history":[{"count":0,"href":"https:\/\/stock999.top\/index.php?rest_route=\/wp\/v2\/posts\/13252\/revisions"}],"wp:attachment":[{"href":"https:\/\/stock999.top\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13252"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stock999.top\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=13252"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stock999.top\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=13252"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}