Horizon Oil Announces Free Offer Conditions
Key points
- Horizon Oil declares the offer free from specific conditions
- Offer free from conditions such as material adverse change and no litigation
- Horizon's voting power in Cue is 52.46%
Full summary
Horizon Oil Limited (ASX:HZN) has declared its off-market takeover bid for Cue Energy Resources Limited (ASX:CUE) free from certain conditions, as outlined in its Bidder's Statement. The offer is now free from conditions such as material adverse change, no persons entitled to exercise rights, petroleum tenements, material acquisitions, capital expenditures, financial accommodation, distributions, regulatory action, litigation, and Cue Options. Horizon's voting power in Cue is currently 52.46%, comprising 368,216,244 Cue Shares out of a total of 701,937,414 Cue Shares presently on issue.
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