Scandinavian Oil-Gas Magazine
http://www.scandoil.com/moxie-bm2/news/mosman-makes-takeover-proposal-for-meo-australia-l.shtmlMosman makes takeover proposal for MEO Australia Limited
The Directors of Mosman Oil and Gas Limited says that Mosman proposes to make a takeover bid pursuant to Chapter 6 of the Australian
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The Directors of Mosman Oil and Gas Limited says that Mosman proposes to make a takeover bid pursuant to Chapter 6 of the Australian Corporations Act 2001 (Cth) (Corporations Act) to acquire 100% of the fully paid ordinary shares in the issued capital of the ASX listed MEO Australia Limited (MEO) (the "Proposal").
Mosman informed the directors of MEO of the Proposal today. A copy of the letter to the MEO board is attached as Appendix A.
Proposal
Mosman intends to offer the MEO shareholders 1 AIM traded fully paid ordinary share in Mosman for every 20 ASX listed fully paid ordinary shares in MEO to acquire 100% of the share capital of MEO (the "Offer").
