GKP Soars on Renewed Bid Rumours

Shares in Gulf Keystone Petroleum (GKP) closed up over 21% on Tuesday on renewed bid rumours, having been up as much as 40% in intraday trading.

The company, which issued an update on operations on Monday, last month denied that is was in takeover talks, following rumours that ExxonMobil was considering making a bid for the company at five times the market valuation.

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