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MEO Australia confirms takeover bid by Mosman Oil and Gas was unsuccessful


Published Jun 16, 2015
MEO Australia Limited-2

MEO Australia Limited notes that the offer by Mosman Oil and Gas to acquire all of the fully paid ordinary shares in MEO expired on 12 June 2015. Mosman's offer, which was not recommended by the MEO Board, has been unsuccessful.

As of 5th June 2015, Mosman had received acceptances for only 2.047% of MEO shares. If there is any material change in the final acceptances, MEO will advise the market.

The MEO Directors appreciate the support of the vast majority of MEO shareholders who rejected the Mosman offer.

MEO will continue to focus on progressing its projects, business development opportunities and corporate initiatives with a view to realising the considerable upside that exists in the MEO portfolio.

Tags: MEO Australia Limited, Mosman Oil and Gas Limited




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