OGOG wins NZOG's blessing after lifting offer by 1 cent a share

Sun, 08 Oct 2017

By Paul McBeth Oct. 9 (BusinessDesk) - OG Oil & Gas has sweetened its partial takeover bid for New Zealand Oil & Gas, winning over the Kiwi energy explorer's independent directors. The oil and gas division of Ofer Global Group will pay 78 cents per share to lift its NZOG stake to a maximum of 70 percent, with an offer document expected to be released to the NZX this week and mailed to shareholders next week, the New Zealand firm said in a statement. That's up from the 77 cents per share bid OGOG initially floated, and still trumps the 72...

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