SXY senex energy limited
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Oct 18 (Reuters) - Senex Energy Ltd (SXY) : ADVISES OF...

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    18/10/21
    11:25
    Post #: 56873477

    Oct 18 (Reuters) - Senex Energy Ltd (SXY) :

    • ADVISES OF DISCUSSIONS WITH POSCO
    • IS IN DISCUSSIONS WITH POSCO INTERNATIONAL CORPORATION IN RELATION TO A POTENTIAL CHANGE OF CONTROL TRANSACTION.
    • NOW AGREED TO EXTEND POSCO INTERNATIONAL'S EXCLUSIVITY PERIOD TO 5 NOVEMBER 2021
    • BOARD BELIEVES IT IS IN BEST INTERESTS OF ITS SHAREHOLDERS TO CONTINUE TO ENGAGE WITH POSCO INTERNATIONAL
    • EXCLUSIVITY GRANTED FOR ADDITIONAL TIME TO ASSESS FURTHER REVISED PROPOSAL AT PRICE HIGHER THAN A$4.40 PER SHARE
    • POSCO INTERNATIONAL INDICATED THAT IF TRANSACTION PROCEEDS, IT IS LIKELY HAPPEN VIA OFF-MARKET TAKEOVER OFFER
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