OG Oil & Gas extends NZOG takeover bid again

Tue, 05 Dec 2017

By Paul McBeth Dec. 5 (BusinessDesk) - OG Oil & Gas has extended its partial takeover bid for NZX-listed New Zealand Oil & Gas for a second time, again saying the extra time is to secure regulatory approvals. The oil and gas division of Ofer Global has more than 43 percent of the Wellington-based company and needs more than 50 percent to cross the minimum acceptance threshold. Today it extended its offer to Jan. 8 "to allow time to obtain the necessary regulatory approvals," the company said in a statement. Last month OGOG pushed out...

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