Total S.A.
02 September 2005
Total increases its offer to acquire Deer Creek
Paris - September 2nd, 2005 - Total E&P Canada Ltd., a wholly-owned subsidiary
of Total, announces that it is mailing a notice of variation and extension of
its offer to acquire the issued and outstanding shares of Deer Creek Energy Ltd.
pursuant to its take-over bid circular dated August 5, 2005.
Having been informed by Deer Creek of a competing proposal, Total has decided to
exercise its right to match the competing proposal as stipulated in the
agreement signed August 2, 2005.
Accordingly, Total has increased its previous offer to 31 Canadian dollars per
share. The time during which the offer is open for acceptance has been extended
to 1:00 AM Calgary time September 13th 2005.
The Board of Directors of Deer Creek has agreed to the amendments and continues
to unanimously recommend the offer to the shareholders of the company.
Total E&P Canada has received all necessary regulatory approvals regarding its
offer.
* * * * * *
Total is the fourth largest oil and gas company in the world with operations in
more than 130 countries. Total's activities cover the whole energy chain of the
petroleum industry: exploration, oil and gas production, refining and marketing,
trading and power generation. The Group is also a major player in chemicals.
Total has more than 111,000 employees worldwide. More information can be found
on the company's website: www.total.com
This information is provided by RNS
The company news service from the London Stock Exchange
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