OGOG declares partial NZOG takeover unconditional

Wed, 10 Jan 2018

By Paul McBeth Jan. 11 (BusinessDesk) - OG Oil & Gas has declared its partial takeover for New Zealand Oil & Gas unconditional, having achieved more than enough support to take control of the NZX-listed energy explorer and producer. The Ofer Global unit today waived the outstanding conditions of its takeover offer, declaring the bid unconditional. Earlier this week a notice to the stock exchange showed the level of acceptances crossed OGOG's upper limit, meaning the offer will be scaled to cap the stake at 70 percent. Chief executive...

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