UK's Serinus Energy jumps on $6.5 million acquisition bid

Serinus Energy

24/03/2025 13:05

** Shares of Serinus Energy SENX.L rise as much as 27% to 3.3p

** The oil and exploration firm agrees to be bought by New York-based broker dealer and specialist investment bank Xtellus Capital Partners in a deal valued at about 5 million pounds ($6.5 million)

** The 3.40p-per-share cash offer represents a premium of 30.8% to SENX's Friday close

** Stock up ~48%, including session's gains

($1 = 0.7727 pounds)

 (Reporting by Aby Jose Koilparambil in Bengaluru)

 ((abyjose.koilparambil@thomsonreuters.com))