RE: Malcy's Blog25 May 2022 09:28
BRIEF β Tenaz Energy Corp Announces Agreement To Acquire Shares Of SDX Energy In An All β Share Transaction
25 May 2022 07:06
May 25 (Reuters) β Tenaz Energy Corp :
Announces Agreement To Acquire The Shares Of Sdx Energy
Plc In
An All-share Transaction
Sdx Shareholders Will Receive 0.075 Common Shares Of Tenaz
For
Each Sdx Share Held, Valuing Sdx At $34.3mm
Tenaz Energy- Transaction Is 141% Accretive To Tenaz On
Production Per Share Based On Mid-points Of 2022 Production
Guidance For Each Of Tenaz And Sdx
Following Completion, Existing Tenaz Shareholders Will Own
About 64% Of Issued & Outstanding Shares Of The Combined Co
All Figures Are In C$
Source text for Eikon: ...
Further company coverage:
(Reuters.briefs@thomsonreuters.com;)
Had to copy it from IG