PERTH – ASX-listed Strike Resources has flagged an increased offering for fellow listed takeover target Warrego Energy, days after major Beach Energy withdrew from the acquisition race.
Strike, which already holds a 19.9% interest in Warrego, on Monday said that its offer represented a 19.6% premium to Hancock’s latest offer, and a 61.8% premium to Warrego’s undisturbed price. “We intend to put this offer directly to the shareholders of Warrego to give them the opportunity to participate in the clear value creation we can see from this transaction. It will also provide them with access to enhance equity market presence, greater liquidity and a stronger share register.
The facilities will provide Strike with the required capital required to get to first gas production at Walyering.
Source: News Formal (newsformal.com)
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