Verenex Extends MOU with Libyan Investment Authority
Verenex announced that negotiations with the Libyan Investment Authority (the "LIA") and its legal and other advisors on the definitive agreement for the acquisition of Verenex by the LIA, contemplated in the memorandum of understanding announced on September 18, 2009 (the "MOU"), are progressing consistent with the terms outlined in the MOU but require additional time to be completed. Accordingly, an extension to the MOU has been agreed which provides for signing of the definitive agreement on or before November 6, 2009.
- Marathon Struggles to Exit Libya as Unrest Grows (Oct 25)
- Verenex Completes Arrangement with Libyan Investment Authority (Dec 21)
- Verenex Updates on Acquisition Status (Dec 15)