PERTH (miningweekly.com) – Suitor Hancock Energy has started the compulsory acquisition of the remaining shares in ASX-listed Warrego Energy, after gaining a 95.63% interest in the takeover target.
Warrego on Monday announced that the process was likely to take between four and six weeks to complete.
Hancock is offering Warrego shareholders 36c a share for their interest in the company.
Hancock has previously said that it would remove Warrego from the Australian trading bourse once gaining a more than 90% shareholding in the company.