MARKETS

NZOG spoiler emerges

ZETA Resources may be New Zealand Oil & Gas’ largest single shareholder, but it isn’t sure of a clear run for its NZ72cps [A65.2cps] partial takeover offer, with a spoiler bid from Monarco-based Ofer Global Group emerging in recent days.

NZOG spoiler emerges

NZOG's independent directors have indicated the offer from Ofer may be more attractive.   Zeta is seeking a further 42% stake in the cashed up NZ oiler, giving it at least 50.1%.   The company...

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