Wednesday, November 26, 2008

Libya-focused Verenex Energy opens data rooms to potential buyers

The Canadian Press:
CALGARY — Verenex Energy Inc. (TSX:VNX) has opened data rooms in London "to facilitate a potential corporate sale as one of the strategic options currently under review."

The Calgary-headquartered company, focused on Libya, had announced in September it was considering options but had not specifically said it was for sale. Opening its proprietary information to possible buyers advances that process...

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