AUSTRALIA

Nexus takeover offer won't change

SEVEN Group Holdings has confirmed that it will not increase its scheme of arrangement offer to acquire all of Nexus Energy's shares due to the absence of an alternative offer.

Andrew Snelling

Its offer to Nexus is for 2c per share in cash, with the deal expected to close in June. SGH will effectively replace Nexus' senior lender and a majority of unsecured debt funding financiers through...

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