Mosaic Oil receives proposal from AGL Energy to acquire company July 1, 2010
Posted by Fortbridge in Energy.Tags: acquisition, agl energy, m&a, mosaic oil, proposal, takeover bid
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Mosaic Oil NL received an unsolicited proposal from AGL Energy Limited to acquire all of the shares in Mosaic at a cash price of 15 cents per share, after the close of the market yesterday. AGL has advised that the Proposal is conditional upon Mosaic entering into a Scheme of Arrangement by execution of a Scheme Implementation Deed with AGL.
