Shell extends offer deadline for Cove

Royal Dutch Shell has extended its offer for AIM-listed oil explorer Cove Energy after being trumped by Thai firm PTT Exploration and Production (PTTEP) on Wednesday.

Royal Dutch Shell has extended its offer for AIM-listed oil explorer Cove Energy after being trumped by Thai firm PTT Exploration and Production (PTTEP) on Wednesday.

Shell, which had previously had its 220p-a-share cash offer recommended by Cove, says that the new closing date for the offer will be June 13th at 13:00 (the last deadline was May 23rd at 13:00).

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