EOL 0.00% $4.97 energy one limited

News: EOL Energy One Says Conclusion Of Discussions With STG

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    Oct 25 (Reuters) - Energy One Ltd (EOL) :

    • CONCLUSION OF DISCUSSIONS WITH STG
    • ADVISES THAT STG HAS OVERNIGHT REVISED ITS NON-BINDING PROPOSAL TO ACQUIRE ALL OF ISSUED SHARES IN CO
    • CONSIDERS THAT REVISED PROPOSAL DOES NOT APPROPRIATELY VALUE COMPANY AND ITS PROSPECTS
    • INDICATIVE OFFER PRICE OF A$5.15 PER SHARE UNDER REVISED PROPOSAL
    • DOES NOT CONSIDER CONTINUED ENGAGEMENT WITH STG IN CONNECTION WITH REVISED PROPOSAL IS IN BEST INTERESTS OF SHAREHOLDERS
    • BOARD IS NOT PREPARED TO RECOMMEND REVISED PROPOSAL TO SHAREHOLDERS
 
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