Senex Energy takeover backed by independent expert
The expert has approved the $4.60 a share takeover but warns that shareholders bullish about long-term oil and gas prices might view the offer as “inadequate.”
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The expert has approved the $4.60 a share takeover but warns that shareholders bullish about long-term oil and gas prices might view the offer as “inadequate.”
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Posco will acquire the onshore oil and gas producer Senex Energy
Senex Energy has entered into a binding Scheme Implementation Agreement with POSCO INTERNATIONAL Corporation, whereby PIC will acquire 100% of Senex’s shares for a cash offer price of A$4.60 per share.
South Korea’s POSCO International (PIC) has signed an agreement to acquire all shares of the Australian natural gas company Senex Energy.