UK's Sterling Energy Set to Pass Up Chance to Raise Its Offer for Fusion Oil.
By Steve Hawkes, Evening Standard, London Knight Ridder/Tribune Business News
Nov. 20--AIM-listed Sterling Energy was today expected to stand firm in its UKpound 39.5 million bid battle for Fusion Oil and offer a take-it-or-leave-it ultimatum to shareholders holding out for a better price.
Analysts said they believed the group, which has already won the backing of shareholders accounting for 47.5 percent of its target, would pass up the opportunity to increase its offer by 3 pencem today.
Sterling launched a hostile bid in September, offering
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