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AUSTRALIA

Drillsearch's bid for 3D Oil fails

DRILLSEARCH Energy's takeover bid for 3D Oil has fallen through after the offer for ordinary shar...

Marija Stojkovic

The company received just over 32% of 3D Oil shares, well short of the 50.1% minimum acceptance condition. Of this, only 1.9% were new acceptances in the two-week period the Australian Securities Investment...

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