ASX-listed Horizon Oil is weighing a takeover approach from a larger rival, The Australian Financial Review reports.
The oil and gas junior is believed to be in discussions with a suitor, with Santos, Roc Oil and AWE named as possible buyers.
Horizon, currently trading with a market capitalisation of $436 million, could announce a deal as early as this week, the AFR said.
Stock in Horizon jumped over 10 per cent yesterday despite the company releasing no statements to the market
hzn takeover offer re the australian
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Last
19.0¢ |
Change
0.005(2.70%) |
Mkt cap ! $308.3M | |||
| Open | High | Low | Value | Volume |
| 18.5¢ | 19.0¢ | 18.5¢ | $167.5K | 885.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 830773 | 18.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 19.0¢ | 493730 | 12 |
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| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| HZN (ASX) Chart |