Global Marine Snatched up by EMER

EMER has stated that discussions with Global Marine Energy on October 12, 2007 may lead to a cash offer for the shares of GME at the price of 13 pence (equivalent to approximately HK$2.05) per share of GME. The Offer, if made, may constitute a major transaction of the Company pursuant to Chapter 19 of the GEM Listing Rules.

The conditions precedent to the Company announcing the Offer are completion of satisfactory due diligence, agreement on the terms of a loan to be arranged by the Company to cover GME’s working capital requirements and the recommendation of the GME board of directors. The Offer, if made, will be conditional on GME shareholders rejecting the resolutions proposed at the GME extraordinary general meeting to be held on 24 October 2007 or the cancellation of the meeting.

Related Companies

Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Sr. Contracts Negotiator
Expertise: Contracts Administration|Contracts Engineer|Legal
Location: Houston
United States Houston: Marketing Specialist
Expertise: Business Development|Marketing|Sales
Location: Houston, TX
Intelligence & Risk Assessment Analyst
Expertise: Legal|Risk Management
Location: San Ramon, CA
search for more jobs

Brent Crude Oil : $48.6/BBL 1.12%
Light Crude Oil : $46.34/BBL 1.24%
Natural Gas : $2.9/MMBtu 2.35%
Updated in last 24 hours