TOTAL SEES DEAL TARGETS STILL TOO EXPENSIVE AFTER CRUDE CRASH

Total SA Chief Financial Officer Patrick de La Chevardiere said prospective takeover targets are still too expensive after crude prices collapsed. “All potential targets brought to us by bankers haven’t yet adjusted in terms of prices,” he said in an interview with Bloomberg TV on Tuesday. “They are still expensive companies. Their share prices haven’t adjusted to the new oil price ...

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