Proactive Investors
07 Aug 2026, 07:29 UTC · 1h ago
Ratio makes improved bid for Pharos Energy
NewsImpactScreener rates every claim in this story for market impact and maps it to the tickers most exposed.
Proactive Investors
07 Aug 2026, 07:29 UTC · 1h ago
NewsImpactScreener rates every claim in this story for market impact and maps it to the tickers most exposed.
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3 claims · each scored for market impact
Ratio Petroleum Energy has increased its offer for Pharos Energy to 32.8183p per share, valuing the company at approximately £146.4 million. — A higher takeover bid typically drives the target company's share price toward the offer price.
+0.80Pharos Energy's directors have unanimously recommended Ratio Petroleum's proposal and withdrawn their backing for the rival bid from Serica Energy PLC. — Board recommendation significantly increases the likelihood of the deal closing and reduces uncertainty for shareholders.
+0.60Ratio Petroleum has secured irrevocable undertakings for approximately 41.76% of Pharos Energy's issued shares. — High levels of shareholder commitment reduce the risk of the acquisition failing due to lack of support.
+0.40Which stocks this story touches
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The company is the subject of a bidding war with a raised offer valuing it at £146.4 million.
Its acquisition bid was trumped by a higher offer from Ratio Petroleum Energy, leading the target to withdraw backing.
Mentioned in a positive context regarding the company's opportunities in the evolving subscription economy.
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Reuters
2h ago
