TOV: CUE - Undertaking
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| Stock | Horizon Oil Ltd (HZN.ASX) |
|---|---|
| Release Time | 9 Apr 2026, 9:46 a.m. |
| Price Sensitive | Yes |
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Horizon Oil Ltd Undertaking Accepted by Takeovers Panel
Key Points
- Echelon Resources Limited has given an undertaking to the Takeovers Panel
- Undertaking relates to Horizon Oil's takeover bid for Cue Energy Resources
- Echelon will not accept Horizon's bid for its Cue shares before 13 April 2026
Full Summary
The Takeovers Panel has accepted an undertaking from Echelon Resources Limited in relation to the application dated 30 March 2026 by Cue Energy Resources Limited. Echelon has undertaken not to accept the off-market takeover bid made by Horizon Oil Limited for all of the ordinary shares in Cue in which Horizon does not have an interest, in respect of any Cue shares held or controlled by Echelon (other than those the subject of the pre-bid agreement between Echelon and Horizon), before Monday, 13 April 2026.
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