UK-listed i3 Energy soars on possible takeover offer

I3 Energy

20/08/2024 08:41

** Shares of UK-based oil and gas company i3 Energy  I3E.L 
jump 29.8% at 12.5p - a near 4-month high
    ** Co in advanced talks with Canada's Gran Tierra Energy
 GTE.TO  about a possible takeover offer
    ** GTE closed 2% lower on Monday, snapping a seven-session
rally
    ** Under the deal terms, each i3 energy shareholder will get
10.43 pence per share
    ** Gran Tierra has until Sept. 16 to table a firm offer or
walk away
    ** I3E stock up about 12% YTD

 (Reporting by Yamini Kalia in Bengaluru)
 ((Yamini.Kalia@thomsonreuters.com;))