AUSTRALIA

Anzon falls short but has strategic stake in Nexus

ANZON Australia has failed in its bid to take over Nexus Energy but it has ended up as the explorer’s largest shareholder.

Anzon falls short but has strategic stake in Nexus

The one-for-two scrip takeover offer ended at 7pm last night, Melbourne time. As of 5pm yesterday, the acceptance number was at 16.7%.

“Anzon is now the largest shareholder in Nexus and intends to play a constructive role in the future exploitation of Nexus’ assets,” Anzon told the ASX last night.

“In particular, Anzon looks forward to the Nexus Board delivering the value indicated by them during the offer period.”

Anzon executive chairman Steven Koroknay said Anzon had worked with the Nexus management team in past programs.

“We are confident that the constructive operational relationship will continue,” he said.

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