88E publishes bidder's statement

88 ENERGY has published its reasons for its all-scrip takeover of fellow small cap XCD Energy in a bidder’s statement.

88E publishes bidder's statement 88E publishes bidder's statement 88E publishes bidder's statement 88E publishes bidder's statement 88E publishes bidder's statement

Both company boards have unanimously voted for the off-market merger, which will see 88E issue 2.4 shares for each XCD share, and an additional 0.7 shares for each XCD listed option.