Central Asia Metals plc today bought 178,800,056 shares in, and agreed a revised deal for, its proposed 100% acquisition of New World Resources Ltd, which holds the Antler copper project in Arizona, USA. BASE METALS The A$98,340 (£47,210) on-market purchase, at A$0.055 per share, represents 5% of the Australian company’s issued capital. In May the […]
Tag: all-share offer
EnQuest-Serica drop merger plans
EnQuest plc and Serica Energy plc have exited plans for an all-share merger because “current market volatility” made it impossible to reach an agreement on terms. OPPORTUNITIES “The board remains very confident in Serica’s standalone ability to generate significant cash flow and deliver shareholder value and highly competitive shareholder returns from its balanced portfolio of […]
Serica extends deadline for EnQuest’s offer
Serica Energy plc has secured an extension to EnQuest plc’s possible all-share offer by way of a reverse takeover for the UK North Sea-focused company. DISCUSSIONS EnQuest was due to state its firm intention to make an offer for Serica by 5pm on 4 April 2025 in accordance with the Panel on Takeovers and Mergers […]
Tullow-Kosmos abandon offer talks
Tullow Oil plc today said that preliminary talks have ended over a possible all-share acquisition of the company by Kosmos Energy plc. CONFIDENT The company added that initial discussions had been at a “very early stage and before due diligence had progressed between the parties”. Kosmos’s own statement read that it “did not intend to make […]
Tullow in all-share offer talks with Kosmos
Tullow Oil plc said it was in preliminary discussions regarding a possible all-share offer for the company by Dallas-based Kosmos Energy Ltd. ASSETS The American company has until 5pm on 9 January 2025 either to announce whether or not it intends to make an offer. The deadline can be extended with the consent of the […]