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AUSTRALIA

Roc nod for $474M all-cash takeover

THE board of Roc Oil has unanimously recommended and accepted the $474 million all-cash takeover offer for the company by Chinese conglomerate Fosun.

Andrew Snelling
Roc nod for $474M all-cash takeover

The offer for 69c per Roc share represents the privately owned investment company's attempted entry into the oil and gas space. There are no Chinese regulatory approvals or financing conditions associated...

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