You guys aware of this?
Source: http://www.newswire.ca/en/story/1301831/aurora-enters-into-agreement-for-proposed-acquisition-by-baytex-for-a-4-10-cash-per-share
Aurora enters into agreement for proposed acquisition by Baytex for A$4.10 cash per share
TSX and NYSE listed Baytex proposes to acquire 100% of Aurora via a Scheme of Arrangement ('Scheme')
Scheme price of A$4.10 cash per Aurora share ('Scheme Consideration'), implying a market capitalisation of A$1,840 million
The Scheme Consideration represents a 52% premium to Aurora's one-week VWAP to 6 February 2014, being the last trading day before execution of the Scheme Implementation Deed, and a 46% premium to Aurora's one-month VWAP
Aurora Directors unanimously recommend Aurora shareholders vote in favour of the Scheme, and intend to vote all shares that they control in favour of the Scheme, in the absence of a Superior Proposal and subject to an Independent Expert concluding that the Scheme is in the best interests of shareholders
The Scheme is subject to customary conditions
PERTH, Western Australia, Feb. 6, 2014 /CNW/ - The Directors of Aurora Oil & Gas Limited (ASX: AUT) (TSX: AEF) ('Aurora') are pleased to announce that Aurora has today entered into a Scheme Implementation Deed ('SID') with Baytex Energy Corp. ('Baytex'). If the Scheme is implemented, Baytex will, via a wholly owned subsidiary, acquire 100% of Aurora for A$4.10 cash per share ('Scheme Consideration'). Implementation of the Scheme is subject to the satisfaction of a number of customary conditions.
- Forums
- ASX - By Stock
- AUT
- takeover
takeover
-
- There are more pages in this discussion • 24 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add AUT (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
NRZ
NEURIZER LTD
Simon Kidston, Non--Executive Director
Simon Kidston
Non--Executive Director
Previous Video
Next Video
SPONSORED BY The Market Online