Brief: Hurricane Energy Says Prax To Buy Hurricane Energy
16/03/2023 07:48
March 16 (Reuters) - Hurricane Energy PLC HUR.L :
* ACQUISITION OF HURRICANE ENERGY PLC
* PROPOSED DEAL FOR 4.15 PENCE FOR EACH HURRICANE SHARE
* BOARDS OF PRAX AND HURRICANE REACHED AGREEMENT ON TERMS OF
A
RECOMMENDED ACQUISITION
* RECOMMENDED ACQUISITION OF HURRICANE ENERGY PLC BY PRAX
EXPLORATION & PRODUCTION PLC
* RECOMMENDED ACQUISITION OF HURRICANE ENERGY PLC
("HURRICANE") BY
PRAX EXPLORATION & PRODUCTION PLC
* IN EVENT THAT ONLY FIRM PROCEEDS ARE RECEIVED BY HURRICANE
SHAREHOLDERS, ACQUISITION VALUES HURRICANE AT ABOUT £82.7
MILLION
Source text for Eikon: ID:nRSP1988Ta
Further company coverage: HUR.L
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