MARKETS

Ofer Global raises bid for NZOG

OFER Global Group's attempt to acquire New Zealand Oil and Gas hit a bump in the road yesterday after the New Zealand Shareholder's Association ruled that the offer was "opportunistic" and vowed to oppose the takeover.

Ofer Global raises bid for NZOG

  In a statement yesterday, takeover target NZOG advised Ofer had subsequently increased its bid from NZ62 cents per share to NZ74cps. Ofer first announced it had entered into a scheme of arrangement...

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