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Pacific Rubiales Shares Soar after Alfa-Harbour Takeover Bid

Posted by May 6, 2015

Shares in oil company Pacific Rubiales listed in Toronto and Bogota rose close to 28 and 26 percent respectively on Wednesday after the company confirmed Mexico's Alfa and Harbour Energy Ltd were planning to acquire it, paying C$6.50 per share ($5.42).

(Reporting by Peter Murphy)

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