Vero Energy says to be taken private for C$147 million

Thu Sep 13, 2012 8:53am EDT
 
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(Reuters) - Canada's Vero Energy Inc VRO.TO said privately held Torc Oil & Gas Ltd will buy it for C$147 million ($150.6 million), to boost its presence in light oil assets in the Cardium area.

Torc's offer of C$3.00 represents a 32 percent premium to Vero's Wednesday close on the Toronto Stock Exchange.

(Reporting by Bhaswati Mukhopadhyay in Bangalore; Editing by Supriya Kurane)