Australia's Warrego hits 3-yr high on receiving higher bid from Strike Energy

Strike Energy

19/12/2022 01:04

** Shares of Warrego Energy  WGO.AX  soar as much as 15% to
A$0.345, gaining the most since Oct. 2019
    ** Petroleum producer notes it got a bid from Strike Energy 
 STX.AX  to acquire WGO for one new Strike share for each
Warrego share  urn:newsml:reuters.com:*:nFWN33805W
    ** WGO says implied offer price is 33.5 Australian cents per
share based of Strike's last closing price on Friday
    ** WGO says it will consider Strike Takeover offer
    ** Strike's takeover offer represents a 19.6% premium to the
bid made by Hancock Energy of A$0.28 per share
    ** Stock posts its sharpest gains since Nov. 30 
    ** WGO more doubled this year as of last close 
 (Reporting by Navya Mittal in Bengaluru)
 ((navya.mittal@thomsonreuters.com))