Transmeridian Reports Progress on Strategic Review
Transmeridian Exploration has provided an update with respect to its strategic review process. The company has received final, non-binding bids for the acquisition of the company and is in active negotiations with prospective buyers.
These negotiations contemplate reaching an agreement for the preferred bidder to tender for all of the outstanding common shares of the company.
Any potential transaction will be subject to execution of a definitive agreement and satisfaction of various conditions precedent. As a result, no prediction can be made as to the timing of the commencement or completion of a tender offer.
- Transmeridian Amends Exchange Offer for 12% Senior Secured Notes (Sep 23)
- TMEI, Subsidiary Extend Conent Payment Deadline on 2010 Notes (Sep 08)
- Transmeridian Extends Deadline Related to 2010 Senior Secured Notes (Sep 02)