US equity lobs $530M bid for SinoGas

US EQUITY firm Lone Start Capital has made a takeover bid for Sino Gas & Energy for 25 cents per share, valuing the company at close to $530 million – an offer the board unanimously recommended to shareholders this morning.

Sino's Linxing development

31 May 2018
comments

APPEA 2023 - Essential & Relevant - A must attend for this year

SPONSORED
appea
Decommissioning: the time is NOW, Australia

SPONSORED
coda
Digital capital raising platform opens doors with over 100 ASX offers completed

SPONSORED
blue horseshoe ventures pty limited
Podcast Series: Agility in Oil & Gas and why it's needed now more than ever

SPONSORED
aveva

Sino calls it "an attractive premium over recent trading prices" in the absence of a superior offer given it offers a 19% premium over Wednesday's closing price and 32% over the volume weighted

An invaluable asset to Australasia's oil and gas sector

Subscribe today and enjoy full access to EnergyNewsBulletin.net - the most comprehensive source of energy sector news and information.

EnergyNewsBulletin.net Package

SUBSCRIBE NOW

Full access to EnergyNewsBulletin.net resources on desktop and mobile
Industry-leading insights into the future of energy
Expert market views on digitalization and renewables
In-depth features on advancements in technology
A ﬁrst look at latest commodity price updates and breaking news
2 daily newsletters covering hot topics in operations and investment
Access to the complete Energy News Bulletin archive since 2006

Try EnergyNewsBulletin.net for 30 days for ONLY $1

START YOUR TRIAL

best value

Resource Sector Investment Package

SUBSCRIBE NOW

All the benefits of EnergyNewsBulletin.net package, plus Unlimited access to MiningNews.net
Access to all MiningNews.net articles and additional features
MiningNews.net daily newsletters
Exclusive monthly newsletter from RESOURCESTOCKS featuring select commodity market analysis and latest company profiles.