Mon, 16 Jul 2012 20:02:53 CDT
LONDON - Royal Dutch/Shell abandoned its bid for Cove Energy Plc on Monday, leaving smaller Thai rival PTT to complete a $1.9 billion takeover after a five-month battle. Both companies coveted Cove for its east African gas prospects and Shell's exit from the bid fueled talk it has found a new way to tap that market. Cove owns an 8.5 percent stake in a Mozambique license in the Rovuma...
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