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Share Price Information for Eco (Atlantic) (ECO)

London Stock Exchange
Share Price: 164.00
Bid: 163.00
Ask: 165.00
Change: -13.00 (-7.34%)
Spread: 2.00 (1.23%)
Open: 170.00
High: 174.00
Low: 162.50
Yest. Close: 177.00
ECO Live PriceLast checked at -

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Guanabara makes final bid for EcoSecurities

Tue, 1st Sep 2009 09:22

Dutch firm Guanabara Holdings has upped the ante in its hostile takeover attempt of Irish carbon credit companyEcoSecurities with an increased and final offer.

Guanabara has raised its offer terms from 77p in cash per EcoSecurities share to 90p per share.

The Dutch company said the offer terms would not be increased. The offer period has been extended until 1:00pm (Dublin time) on 18 September and will not be extended further unless the offer is unconditional as to acceptances by the deadline.

Notwithstanding the above, the company reserves the right to amend the offer terms should a competing bid for EcoSecurities emerge.

Guanabara has received acceptances in respect of about 25.53% of EcoSecurities' issued share capital. That puts it halfway towards succeeding in its takeover attempt after the company lowered the threshold for the offer to be declared unconditional to 50% from 80%.

More News

Eco Atlantic upbeat as drilling begins on 'Joe' prospect

(Sharecast News) - Eco Atlantic Oil & Gas announced on Tuesday that drilling of the 'Joe' prospect had started offshore Guyana - its second exploration well on the Orinduik Block.

27 Aug 19 16:15

Eco Atlantic upbeat on recent drilling in Guyana

(Sharecast News) - Guyana-focussed exploration company Eco Atlantic Oil & Gas updated the market on recent trading on Friday, reporting that it ended the quarter to 31 March with cash and cash equivalents of CAD 25m (£15.37m).

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Eco Atlantic enters 2019 with vigour

(Sharecast News) - Oil and gas exploration company Eco Atlantic updated the market on the first three quarters of its financial year on Wednesday, reporting that it ended its third quarter with cash and cash equivalents of CAD 25.7m (£14.71m), total assets of CAD 28.1m, total liabilities of CAD 0.8m and total equity of CAD 27.3m.

27 Feb 19 11:12

Eco Atlantic Oil & Gas secures rig for Guyana exploration well

(Sharecast News) - Eco Atlantic Oil & Gas on Wednesday contracted a rig, the Stena Forth, to drill an exploration well at the Jethro-Lobe prospect on the Orinduik Block offshore Guyana.

20 Feb 19 16:42

Friday broker round-up

(Sharecast News) - Antofagasta: Peel Hunt downgrades to add with a target price of 930p.

11 Jan 19 13:28

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Colombia's Ecopetrol to pre-pay $350 mln in bonds

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EcoSecurities welcomes JP Morgan bid

Irish carbon credit specialist EcoSecurities, which has been fielding a number of offers for the company, has accepted terms from US bank JPMorgan Chase. Carbon Acquisition Company (CAC), a wholly owned subsidiary of JPMorgan, is offering 100p cash per EcoSecurities share. The terms value the enti

14 Sep 09 08:49

London open: Footsie starts flat

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London pre-open: Small fall ahead

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3 Sep 09 07:37

Tricorona scraps EcoSecurities bid

Swedish firm Tricorona said it has decided not to proceed with an offer for Irish carbon credit company EcoSecurities. Tricorona announced in July that it is mulling the possibility of making a bid for the group. In response to Tricorona's statement, EcoSecurities said it is in ongoing discussions

3 Sep 09 07:22
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