|
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 3.65 GBX | +1.39% |
|
+2.82% | -2.67% |
| Apr. 29 | SDX Energy says KSR-21 begins producing gas upon government approval | AN |
| Apr. 24 | 88 Energy firms bookbuild; Gama Aviation inks deal | AN |
LONDON (Reuters) - London-listed oil producer SDX has agreed to an all-share takeover by Canada's Tenaz Energy, the companies said on Wednesday.
Egypt-focused SDX's shareholders would receive 0.075 Tenaz shares for each SDX share, leaving them with about 36% of the combined group if they agree to the proposed deal.
The deal would value SDX at about 21.4 million pounds ($26.8 million), representing a 24% premium to the AIM-listed company's May 24 closing price of 0.0825 pounds per share, the goups said.
Shareholder meetings are expected to take place in July.
($1 = 0.7980 pounds)
(Reporting by Shadia Nasralla; Editing by David Goodman)
Price
|
Change
|
5d. change
|
Capi.
| ||
|---|---|---|---|---|---|
| 8,147 PTS | +0.09% | +1.53% | - | ||
| 86.88 USD | -0.42% | +0.58% | - | ||
| 82.15 USD | -0.49% | +0.11% | - | ||
| 4.34 CAD | +8.50% | +10.15% | 84.9M | ||
| 0.438 KWD | -0.23% | -1.13% | 242M | ||
| 1st Jan change | Capi. | |
|---|---|---|
| -2.67% | 9.37M | |
| +11.51% | 307B | |
| +12.19% | 153B | |
| +56.15% | 125B | |
| +23.06% | 83.91B | |
| +12.65% | 78.37B | |
| +21.66% | 63.92B | |
| +14.27% | 60.48B | |
| +13.16% | 50.09B | |
| +32.74% | 36.71B |
SDX ENERGY PLC 
