Buru Energy in halt on takeover proposal
Shares in Perth-based explorer Buru Energy have been placed in a trading halt amid speculation that a $41 million cash takeover proposal by its chairman, using the company's cash reserves, may be dropped.
The company said it expects to make an announcement in relation to its proposed acquisition by Arenite Pty Ltd, linked to chairman Eric Streitberg, by Thursday.
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BETA
Buru Energy (BRU)
Total Shareholder Return as at 30/06/2012
| 1 year TSR | 5 year TSR | ||
|---|---|---|---|
| 2nd | Buru Energy | 379% | 0% |
| 60th | Sino Gas & Energy Holdings | 33% | 0% |
| 197th | Trafford Resources | -16% | -23% |
| 536th | Jupiter Mines | -64% | -8% |
680 WA listed companies ranked by 1 year TSR relative to WA companies with similar revenue
Shareholding
| Eric Streitberg | 23,401,100 | ||
| Tom Streitberg | 3,783,440 | ||
| Graham Riley | 3,000,000 | ||
| Peter Jones | 248,277 |
Number of shares
Revenue
| 92nd |  | Jupiter Mines | $6.5m |
| 93rd | | Buru Energy | $6.4m |
| 95th | | Sino Gas & Energy Holdings | $5.9m |
| 96th | | Trafford Resources | $5.8m |
572 WA listed resource companies ranked by revenue
Remuneration from Buru Energy
| 14th | Eric Streitberg | $3.101m |
| 281st | Tom Streitberg | $555k |
| 763rd | Graham Riley | $118k |
Ranked by total remuneration from all listed WA companies
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