Talisman Energy Inc. of Calgary said it was successful in itsoffer to acquire Rigel Energy Corp. About 55 million common shareshave been tendered in response to its offer to purchase all of thecommon shares of Rigel Energy Corp. This represents more than 95%of Rigel shares on a fully diluted basis. All of the conditions ofTalisman’s offer have been satisfied. Talisman has taken up and ispaying for all of the Rigel common shares validly tendered up tothe expiry time of the offer. Talisman intends to acquire theremainder of the Rigel shares.
Talisman will offer to buy all of the issued and outstandingRigel common shares on the basis of 0.30 Talisman common shares and$1.00 in cash for each Rigel share. Based on the five-day weightedaverage trading price for Talisman shares as of Friday, August20th, the offer represents a value of $14.84 per Rigel share. (SeeDaily GPI, Aug. 24)
©Copyright 1999 Intelligence Press Inc. All rights reserved. Thepreceding news report may not be republished or redistributed, inwhole or in part, in any form, without prior written consent ofIntelligence Press, Inc.
© 2023 Natural Gas Intelligence. All rights reserved.
ISSN © 1532-1231 | ISSN © 2577-9877 |