Petroamerica has entered into an agreement with Gran Tierra Energy (GTE – TSX), in which Gran Tierra will acquire all of its outstanding common shares of Petroamerica for total net consideration of approximately US$85 mm. As per the terms of the agreement, Petroamerica shareholders can elect to receive either 0.4 of a Gran Tierra share for each Petroamerica share held or C$1.32 per share in cash. This acquisition price represents a 43% premium to Thursday’s closing price of $0.92 per share. We a ....
13 Nov 2015
Petroamerica Oil Corp. Announces Acquisition by Gran Tierra Energy
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Petroamerica Oil Corp. Announces Acquisition by Gran Tierra Energy
Petroamerica has entered into an agreement with Gran Tierra Energy (GTE – TSX), in which Gran Tierra will acquire all of its outstanding common shares of Petroamerica for total net consideration of approximately US$85 mm. As per the terms of the agreement, Petroamerica shareholders can elect to receive either 0.4 of a Gran Tierra share for each Petroamerica share held or C$1.32 per share in cash. This acquisition price represents a 43% premium to Thursday’s closing price of $0.92 per share. We a ....