Columbus Energy Resources PLC - Trinidad-based oil and gas explorer - Gains shareholder approval for proposed merger with Bahamas Petroleum Co, which is now conditional on being sanctioned by the court. In June, both companies agreed to all-share merger, where for each share in Columbus they own, shareholders will receive 0.803 Bahamas Petroleum shares, a deal which values London-based Columbus at GBP25.1 million.
Current stock price: 1.85 pence
Year-to-date change: down 46%
By Dayo Laniyan; dayolaniyan@alliancenews.com
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