AUSTRALIA

Senex in $77.8M bid for Stuart

STUART Petroleum has recommended shareholders accept Senex Energy's all-share offer which values the company at $77.8 million and would create a mid-tier oil and gas exploration and production company.

Marija Stojkovic

Yesterday, Senex announced it would offer 2.5 Senex shares for every one Stuart share in a deal to create a mid-tier oil and gas company with a market capitalisation of more than $345 million. The offer...

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