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Whitebark Energy Ltd ( (AU:WBE) ) has shared an announcement.
Whitebark Energy Ltd has issued a bidder’s statement to acquire all shares and options of King Energy Ltd, with an offer of 1.6894072 new Whitebark shares for each King share and 3.3333333 new Whitebark options for each King Class A and B option. King’s directors recommend accepting this offer unless a superior proposal emerges, which suggests a strategic move by Whitebark to expand its market presence and potentially enhance its operational capabilities.
More about Whitebark Energy Ltd
Whitebark Energy Ltd is a company operating within the energy sector, focusing on the acquisition and development of energy assets.
YTD Price Performance: 0%
Average Trading Volume: 600,691
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$2.02M
For a thorough assessment of WBE stock, go to TipRanks’ Stock Analysis page.
