SUNDANCE Energy’s board has unanimously recommended it re-domicile to the US via a proposed scheme-of-arrangement it will take to shareholders for approval, which will see it subsumed into the far larger new US company Holdco.
Board unanimously approves scheme-of-arrangement for Holdco takeover
The move is also subject to judicial and regulatory approval. Sundance shareholders will receive one share in Holdco for every 100 in Sundance. The rationale for joining Holdco is that it...
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