RockRose has made a formal approach to IOG’s Board of Directors with a proposal for an all cash takeover offer for IOG at £0.20 per share. The offer price represents a premium of 43% to yesterday’s close. The offer price would represent a total of £26.6 mm for the issued capital.
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FLASH: Opportunistic potential offer
- Published:
05 Mar 2019 -
Author:
Stephane Foucaud -
Pages:
2
RockRose has made a formal approach to IOG’s Board of Directors with a proposal for an all cash takeover offer for IOG at £0.20 per share. The offer price represents a premium of 43% to yesterday’s close. The offer price would represent a total of £26.6 mm for the issued capital.