18/06/2020 - 11:38

88 Energy goes unconditional on XCD Energy bid

18/06/2020 - 11:38


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ASX-listed oiler, 88 Energy, has gone unconditional on its all-scrip takeover bid for Alaskan neighbour, XCD Energy, after picking up 59 per cent of XCD’s shares and nearly 29 per cent of XCD’s listed options. The offer of 2.4 88 Energy shares for each XCD share held and 0.7 88 Energy shares for each XCD listed option is now final, unconditional and will not be increased.

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