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Lasmo, the oil exploration company, has accepted a £2.7bn takeover offer from Eni of Italy, which beats a rival bid from Amerada Hess of the US.
Lasmo, the oil exploration and production company, has received a £2.4bn takeover offer from Amerada Hess of the US, which is expected to lead to the loss of 150 jobs from the combined group's worldwide workforce.
Lasmo has launched an agreed £550m takeover bid for Monument Oil & Gas, which is expected to generate cost savings of about £7m a year.
Lasmo continues to withdraw from mature fields with the sale of Lasmo Nova Scotia to PanCanadian Petroleum for £28m.