April 8 (Reuters) - A group of shareholders group in Pacific
Exploration & Production Corp PRE.TO has asked Colombia's
markets regulator to block a possible buyout deal by
private-equity fund Catalyst Capital Group Inc, The Wall Street
Journal reported on Friday.
The shareholder group, led by O'Hara Administration Co,
filed a formal complaint with the Colombian regulator, the Wall
Street Journal reported. The Journal said O'Hara holds a 20
percent stake.
The shareholders claim that the offer by Catalyst benefits
Pacific's co-chairmen but leaves shareholders with nothing, the
Journal reported, citing sources familiar with the talks. (http://on.wsj.com/25QdSyN)
A committee appointed to review the offers will present its
recommendations on Sunday and is expected to back the Catalyst
bid, the Journal cited people as saying.
Mexican conglomerate Alfa SAB de CV ALFAA.MX earlier this
week said it had not yet made a binding restructuring proprosal
for Pacific, saying it would inform markets if it decides to do
so.
Pacific Exploration & Production, Catalyst and O'Hara all
were not available for comment outside regular business hours.