Total surprise offer for Wessex


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The Independent Online

Wessex Exploration, the oil prospector with interests in the South of England and offshore Africa, yesterday received an unexpected £70m takeover bid from the French giant Total.

The offer of 10p a share pushed shares in Wessex up 2.15p, to 9.5p. The AIM-listed oil company said it was minded to recommend the bid if a better offer did not come along.