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MARKETS

Strike makes off-market tilt at UIL

STRIKE Energy and low-profile UIL Energy have unanimously recommended shareholders accept Strike’s off-market bid that would see the two juniors merge and create a larger entity with significant combined holdings across the Cooper and Perth basins.

Paul Hunt
Strike makes off-market tilt at UIL

  The all-scrip offer implies an indicative offer price for UIL of A7.03 cents per share and an indicative undiluted market capitalisation of $16.1 million. It is at a 26.1% premium to UIL's five day...

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