Imdex, Coretrack in $28.4m merger deal
Mining services company Imdex and drilling specialist Coretrack have agreed to a $28.4 million merger that will create an entity focused on the burgeoning oil and gas sector.
Under the deal, Imdex will issue 0.61 of its shares for every Coretrack share held, and issue a further 0.305 Imdex shares for every Coretrack listed option.
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