Panel rejects Leucadia’s bid for Plains ResourcesThe Leucadia group failed to improve its March 19 proposal, Plains’ special review committee said; it had expected a ‘superior proposal’ Ray Tyson Petroleum News Houston Correspondent
A special committee formed to review offers for independent Plains Resources has rejected a bid from an investment group led by Leucadia National and Pershing Square, appearing to strengthen the hand of a rival investment group led by Microsoft co-founder and billionaire Paul Allen.
Plains already h....
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Committee expected “superior proposal” Leucadia cancelled proposed meeting
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