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Higher oil bid

Saturday 11 June 1994 23:02 BST
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Enterprise Oil is this week expected to raise its pounds 1.3bn takeover bid for the fellow oil explorer Lasmo. Enterprise is considering a revised offer worth up to 165p a share by raising the dividend for its new 'A' shares and warrant terms. But it is believed that another bidder, possibly British Gas, will mount a knockout bid for Lasmo.

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