Adelaide-based Beach Energy has secured majority control of West Perth-based Impress Energy, after making a $75 million takeover offer earlier this month.
A major shareholder in Impress Energy, Victoria Petroleum, says Beach Energy's $75 million on-market takeover offer undervalues the oil and gas explorer.
Adelaide-based Beach Energy has launched an unconditional $75 million on-market takeover for West Perth-based Impress Energy, terminating a merger plan.
