Zenith board backs private equity takeover bid

IT’S been a dreadful day for energy stocks on the ASX save one standout: Zenith Energy shares are up almost 40% after it announced Pacific Equity Partners will acquire the company for $1.01 per share via scheme of arrangement.

Zenith board backs private equity takeover bid Zenith board backs private equity takeover bid Zenith board backs private equity takeover bid Zenith board backs private equity takeover bid Zenith board backs private equity takeover bid

 

The remote power specialist said this represents a 45.3% premium on its Friday closing share price of 69.5 cents, a 45% premium to the one week volume weighted average price and a 40.

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