Strike Energy has gained a major foothold in the battle for warregoenergy, gaining a near 19.9% in the takeover target BeachEnergyLtd energy LNG Australia acquisition
PERTH – While suitors Beach Energy and Hancock Energy have been in a bidding war over ASX-listed Warrego Energy, fellow listed Strike Energy has silently amassed a near 19.9% shareholding in the takeover target.
Strike’s offer was usurped by Beach Energy, which offered Warrego Energy 20c a share in cash for their interest in the takeover target, and the distribution of any net proceeds received from the sale of Warrego’s Spanish assets, by way of a member’s scheme of arrangement. Beach Energy and Warrego Energy subsequently signed a scheme implementation deal.
While Warrego Energy was holding its breath for an increased offer from Beach, Strike has secured a near 19.9% shareholding in the takeover target by entering into a share swap agreement with various Warrego shareholders, at a one-for-one exchange ratio.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
The global energy crisis “turbocharged” renewable energy growthThe global energy crisis 'turbocharged' renewable energy growth
Read more »
Denmark is building 'energy islands' to produce wind energy and green hydrogenInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Read more »
Denmark is building 'energy islands' to produce wind energy and green hydrogenThe islands – which will consist of one artificial island in the North Sea and one built on the island of Bornholm in the Baltic Sea – will produce wind energy and, in the future, green hydrogen power. Presented by Cummins.
Read more »
Biden's Venezuela giveaway funds dictatorship and hurts US energy producers and consumersPresident Biden eased sanctions on Venezuela. That's a bad energy policy for America. Bad foreign policy. And bad environmental policy.
Read more »
In Campaign to Save Energy, Germans Channel Their Love of ThriftAfter Russia throttled gas to the nation, washcloth wipe-downs and unheated pools; turning down the Christmas lights
Read more »
Reebok Takes Its First Crack at Carbon Fiber With the Floatride Energy XThough not Vaporfly-fast, this speedy shoe keeps an extra $80 in your wallet.
Read more »