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IN BRIEF: Columbus Energy Shareholders Approve Bahamas Petroleum Merge

Mon, 27th Jul 2020 21:52

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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BPC Conducts Bahamas Seismic Survey >BPC.LN

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HEARD ON THE STREET: BP's Need For An Orderly Asset Sale

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IN BRIEF: Columbus Energy Shareholders Approve Bahamas Petroleum Merge

Small caps round-up: Armor Designs, Borders & Southern, Park Plaza...

PetroChina Exec: Would 'Welcome' Working Closer With BP -Report

BPC Conducts Bahamas Seismic Survey >BPC.LN

HEARD ON THE STREET: BP's Need For An Orderly Asset Sale

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