TOV: CUE - Undertaking
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| Stock | CUE Energy Resources Ltd (CUE.ASX) |
|---|---|
| Release Time | 9 Apr 2026, 9:46 a.m. |
| Price Sensitive | Yes |
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Cue Energy Resources Ltd Undertaking Accepted by Panel
Key Points
- Echelon Resources Limited has undertaken not to accept Horizon Oil Limited's takeover bid for Cue Energy Resources before 13 April 2026
- The undertaking is in relation to Cue Energy Resources' application to the Takeovers Panel
- The undertaking excludes shares subject to a pre-bid agreement between Echelon and Horizon
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 dated 2 March 2026), before Monday, 13 April 2026. The undertaking is intended to provide a temporary standstill to allow the Panel to consider the application by Cue Energy Resources.
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