French oil operator Maurel & Prom recommends buyout

Maurel & Prom, a French oil operator that pumps mostly in Africa, recommended Friday that shareholders accept a planned buyout offer from Indonesia's state oil company Pertamina."The board of directors of Maurel & Prom ... considered that the offer is in the interests of the company, its shareholders and its holders (of convertible bonds) and its employees" and recommended by a unanimous vote they tender their shares, a company statement said.At the end of August, Pertamina took a 24.5 p