AUSTRALIA

Takeover bid aims to secure African options

A KEEN focus on prospective oil and gas opportunities in Africa has underscored Tangiers Petroleum's friendly off-market takeover bid for Jacka Resources.

Andrew Snelling

Takeover bid aims to secure African options

Tangiers valued Jacka's shares at 11.2c per share, a 56% premium to Jacka's last closing price of 7.2c. Based on Tangiers closing price of 24c on November 29, the offer values Jacka at $37 million on...

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