Hancock Energy has made a play for takeover target Warrego Energy, competing against BeachEnergyLtd and Strike Energy LNG acquisition offer investment Australia energy
’s Hancock Energy, which is a subsidiary of Hancock Prospecting, has made a competing bid for ASX-listed Warrego Energy.
Warrego is also being courted by Strike Energy, which submitted a non-binding indicative all-scrip merger proposal to the Warrego board, offering 0.714 of its own shares for each Warrego share held.Strike also offered to pay Warrego shareholders an additional scrip consideration for the company’s Spanish assets, if sold within 12 months of the transaction.
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