MEO Tells Shareholders to Wait for its Recommendation on Mosman's Takeover

MEO Australia Limited reported Tuesday that it noted the announcement made Jan. 19 by Mosman Oil and Gas Limited (Mosman), indicating that it intends to vary its unsolicited off-market takeover offer to acquire 100 percent of outstanding MEO Shares (Mosman Revised Proposal). The Mosman Revised Proposal indicates the intention to vary its offer to one AIM-listed Mosman Share for every 10 MEO Shares on issue.

Shareholders are advised to take NO ACTION in relation to the Mosman Revised Proposal or any document received from Mosman until they receive the MEO Directors’ formal recommendation regarding the Mosman Revised Proposal.


Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies

Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Attorney I
Expertise: Contracts Administration|Legal
Location: Houston, 
Community Relations Manager Job
Expertise: Legal|PR / Corporate Communications|Project Management
Location: Red Wing, MN
Sr. Electronics Engineer
Expertise: Electrical Engineering|Engineering Manager
Location: Houston, TX
search for more jobs

Brent Crude Oil : $53.92/BBL 2.79%
Light Crude Oil : $51.08/BBL 2.66%
Natural Gas : $3.3/MMBtu 3.22%
Updated in last 24 hours