ZEN zenith energy limited
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News: ZEN Zenith Energy Says It Would Be Acquired By Pacific Equity Partners

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    09/03/20
    09:40
    Post #: 43373992

    March 9 (Reuters) - Zenith Energy Ltd (ZEN) :

    • PACIFIC EQUITY PARTNERS TO ACQUIRE ZENITH ENERGY LIMITED
    • SCHEME CONSIDERATION OF $1.01 PER SHARE
    • DIRECTORS OF CO UNANIMOUSLY RECOMMEND THAT ZENITH SHAREHOLDERS VOTE IN FAVOUR OF SCHEME IN ABSENCE OF SUPERIOR PROPOSAL
    • SCHEME CONSIDERATION VALUES ZENITH'S EQUITY AT ABOUT $150 MILLION AND ENTERPRISE VALUE AT ABOUT $250 MILLION
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