Romanian National Securities Commission has suspended Rompetrol Rafinare shares (BSE:RRC) from trading, to allow Rompetrol Rafinare to raise offering price above 0.0751 lei/share, price at which it bought 1.53% of the company yesterday.
The stock market watchdog called for a similar amendment after the majority shareholder bought 15.7% stake at 0.075 lei/share, above the offering price.
The takeover offering will end on March 26, but will be extended according to the suspension period.
Article comments "RRC suspended from trading. Rompetrol urged to raise offering price"
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