Brief: Energy One Says Conclusion Of Discussions With STG

Arbitr

25/10/2023 02:17

Oct 25 (Reuters) - Energy One Ltd  EOL.AX :
    * CONCLUSION OF DISCUSSIONS WITH STG
    * ADVISES THAT STG HAS OVERNIGHT REVISED ITS NON-BINDING
PROPOSAL
TO ACQUIRE ALL OF ISSUED SHARES IN CO
    * CONSIDERS THAT REVISED PROPOSAL DOES NOT APPROPRIATELY
VALUE
COMPANY AND ITS PROSPECTS
    * INDICATIVE OFFER PRICE OF A$5.15 PER SHARE UNDER REVISED
PROPOSAL
    * DOES NOT CONSIDER CONTINUED ENGAGEMENT WITH STG IN
CONNECTION
WITH REVISED PROPOSAL IS IN BEST INTERESTS OF SHAREHOLDERS
    * BOARD IS NOT PREPARED TO RECOMMEND REVISED PROPOSAL TO
SHAREHOLDERS

Source text for Eikon:  ID:nASX6sgSPv 
Further company coverage:  EOL.AX