BMN 0.91% $3.27 bannerman energy ltd

from latest down under presentation...Hanlong is seeking to...

  1. 612 Posts.
    from latest down under presentation...

    Hanlong is seeking to acquire 100% of Bannerman for A$0.612 cash per share by
    way of a scheme of arrangement.
    ? Hanlong is one of China’s largest privately-owned enterprises.
    ? Key conditions include:
    • Due diligence completed to Hanlong’s satisfaction by 30 September 2011.
    • Bannerman Board recommendation.
    • Major shareholder support.
    • Continuity of Bannerman senior management.
    ? Bannerman is engaging with Hanlong, and with other potential development
    partners, to explore all options to deliver the best possible outcome for shareholders.
 
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