VOL. XLI

No. 41

12-October-1998

SUDAN

Arakis Board Approves Talisman Takeover

Shareholders of Arakis Energy Corporation on 7 October votedoverwhelmingly to accept Talisman Energy Inc.s stock-swap takeover offer for thecompany. According to an Arakis statement, the transaction has also received the consentof the Government of Sudan and the members of the Greater Nile Petroleum Operating Companyconsortium. A Canadian court approval, expected shortly, is the only hurdle remaining tocompleting the...