Pacific Rubiales Energy Corp.’s share price shows its takeover has the most risk of failing among major oil deals. A member of the bidding group signaled that’s because it doesn’t plan to waive a condition that could block the bid.
The Colombian driller’s largest shareholder, an investor group under the banner of O’Hara and partners, is threatening to exercise so-called dissent rights. That would breach a condition that holders of not more than 5 percent do so.
Brazil Energy Insight 
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