Strike Energy makes $16-million (Aus.) bid for UIL Energy

Posted on October 22, 2018 at 5:59 pm.

Strike Energy Ltd., Adelaide, has made an off-market takeover offer UIL Energy Ltd. of Brisbane. Under the offer, UIL shareholders will receive 0.485 of a share of Strike for each share of UIL—a deal that implies an indicative price for UIL of 7.03Â¢/share and an indicative market capitalization of $16.1 million (Aus.).

Source: News