09:39 AM EST - Addax Petroleum Corp. : is the target of a takeover bid by China Petroleum & Chemical Corp. or Sinopec, the Wall Street Journal reported, citing a person familiar with the matter. The report specified that Addax is in "multiple discussions" with a number of companies, including Sinopec and the Korean National Oil Co., or KNOC, but noted that Sinopec is in the strongest position. Addax Petroleum Corp.
shares T.AXC are trading even at $44.00.
