ENTERPRISE SEEKS TO ACQUIRE LASMO IN STOCK TRADE

Enterprise Oil plc, London, has started a bid to acquire Lasmo plc, also of London, which could create an upstream company valued at more than 3.5 billion ($5.25 billion). Enterprise said the two companies combined would have reserves of more than 1.6 billion bbl of oil equivalent with interests in 26 countries. Operations of the two companies have little overlap.

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