Zeta's partial bid for NZOG trumped by smaller shareholder OGOG

Fri, 08 Sep 2017

By Paul McBeth Sept. 8 (BusinessDesk) - ASX-listed Zeta Resources' play to seize control of New Zealand & Gas has hit a bump with the NZX-listed firm's independent directors saying they'll probably recommend investors reject it as too cheap, and are now considering a better rival bid. Zeta Energy, a subsidiary of Zeta Resources, formally lodged its offer of 72 cents a share for 42 percent of NZOG's fully and partly paid shares it doesn't already own, subject to scaling. Zeta, which is advised by NZOG director Duncan Saville's ICM unit, s...

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