OG Oil & Gas makes partial takeover offer for NZ Oil & Gas after Zeta bid rejected

Sun, 17 Sep 2017

By Jonathan Underhill Sept. 18 (BusinessDesk) - OG Oil & Gas, the oil and gas arm of the Ofer Global Group, has formalised its partial takeover offer for New Zealand Oil & Gas after the New Zealand energy explorer rejected an "inadequate" partial offer from ASX-listed Zeta Resources. OGOG is offering 77 cents a share for a maximum 70 percent of NZOG, above Zeta's 72 cent offer but still below the 78 cent-to-93 cent range in a valuation NZOG's independent directors commissioned from Northington Partners ahead of rejecting Zeta's proposal....

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