Ensign Resource Service Group Inc. has extended the closing date of its takeover bid for Australian Oil & Gas Ltd. to June 27 from June 13.
Earlier this month, Ensign increased its offer for AOG to A$2.30 a share and A$1.10 an option. The company also has offered to pay an extra 10 cents a share and option should it secure more than 50% of its target.
However, even this sweetened offer has since been eclipsed by a competing bid from Parker Drilling Co., which is offering A$2.50 a share and A$1.30 an option. In addition to Ensign and Parker, Precision Drilling Corp. has offered to buy AOG.
One hundred years ago today ended the most grueling of wars involving disgusting conditions for soldiers and at least 17 million deaths. We learnt nothing.
Russia will complete the operation of the Soyuz booster rocket already in 2019. It goes about the booster, which Russia currently uses for manned space flights to the International Space Station