We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
Pike Electric Corp | NYSE:PEC | NYSE | Ordinary Share |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.00 | - |
BG Group said Friday that it will increase its recommended all-cash takeover offer for Pure Energy Resources from $8.00 to $8.25 per share, on condition that BG Group has acquired a relevant interest in 90% of Pure's ordinary share capital by the close of the BG Group offer period.
The conditional offer price of $8.25 is final in the absence of a superior proposal, it said.
On Feb. 18, 2009, the Board of Pure recommended to Pure shareholders that they should accept BG Group's Offer of $8.00 a share.
The independent directors of Pure, together with key shareholders, Tom Fontaine and Karl Meade, have now accepted into the BG Group Offer.
BG Group is now the largest shareholder in Pure, with a relevant interest in 28.9% of Pure's ordinary share capital, it said.
BG Group will despatch a payment of $8.00 per share to all accepting Pure shareholders within 5 business days of the receipt by BG Group of a valid acceptance.
If BG Group acquires a relevant interest in 90% of Pure's ordinary share capital by the close of the offer period, an additional payment of $0.25 per share will be despatched to all Pure shareholders who have accepted into BG Group's Offer.
BG Group's Offer is currently scheduled to close at 7.00 pm (Sydney time) on March 23.
1 Year Pike Electric Chart |
1 Month Pike Electric Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions