ReutersReuters

Warrego Energy Receives Off-Market Takeover Offer From Hancock Energy

Warrego Energy Ltd WGO:

  • HANCOCK ENERGY OFF-MARKET TAKEOVER OFFER FOR WARREGO

  • TAKEOVER OFFER PRICE OF A$0.23 PER SHARE

  • BOARD ADVISES SHAREHOLDERS TO TAKE NO ACTION IN RELATION TO HANCOCK TAKEOVER OFFER UNTIL THEY RECEIVE FURTHER ADVICE FROM BOARD

  • DIRECTORS MAINTAIN THEIR EXISTING RECOMMENDATION IN FAVOUR OF BEACH SCHEME PROPOSAL

  • CONSIDERING HANCOCK OFFER, AND IN PARTICULAR, WHETHER IT CONSTITUTES SUPERIOR PROPOSAL UNDER TERMS OF BEACH SCHEME

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