i3 Energy Plc (GB:I3E) has released an update.
i3 Energy Plc has announced the advisory endorsements from ISS and Glass Lewis for its shareholders to vote in favor of the acquisition by Gran Tierra Energy, offering a 49% premium over its August 16th closing price. The proposed transaction would result in i3 shareholders owning up to 16.5% of the enlarged entity, promising enhanced scale, financial capability, and accelerated development of i3’s key assets. i3 Energy’s board is unanimously in support of the acquisition, citing the transaction’s potential for operational synergies and considerable growth prospects for the company.
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