Support for Reabold Resources’ £6.14 million offer for Union Jack Oil has risen to 9.5%, compared with 24.39% opposing the bid.
Tag: takeover offer
Reabold support for Union Jack takeover edges higher
Reabold Resources’ support has edged higher to 6.8% for its £6.14 million takeover of Union Jack Oil, whose new board maintains 24.39% against the offer.
Reabold support increases slightly for £6.14m takeover
Support for Reabold Resources’ £6.14m offer for Union Jack Oil plc has reached 6.2% as Union Jack half-year revenue grows to £1.6m
Union Jack support increases to reject Reabold bid
Union Jack Oil plc’s new board has 24.39% support from shareholders to reject Reabold Resources plc’s £6.14m offer.
Reabold rebuffs Union Jack board’s rejection of offer
Reabold has pushed back against Union Jack’s new board, describing its rejection of the £6.14m bid as “self-serving” and “misleading”.
Reabold support unchanged for Union Jack offer
“Reabold reports 5.7% shareholder support for its takeover offer for Union Jack Oil, following a formal rejection by Union Jack’s board.”