Zeta, Saville team up for partial takeover of NZ Oil & Gas, offering 72 cents a share

Wed, 09 Aug 2017

By Jonathan Underhill Aug. 10 (BusinessDesk) - Zeta Resources, the ASX-listed investment group advised by Duncan Saville's ICM unit, is making a partial takeover offer for New Zealand Oil & Gas, offering a 15 percent premium for shares in the oil and gas explorer. Zeta Energy, a subsidiary of Zeta Resources, plans to offer 72 cents a share for 41.955 percent of NZOG's fully and partly paid shares that it doesn't already own. The target company shares last traded at 62.5 cents. The offer is conditional on reaching acceptances of at leas...

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