Independent Oil & Gas (IOG) has confirmed that it is considering a possible all-share offer for the entire issued and to be issued share capital of Deltic Energy.
In accordance with Rule 2.6(a) of the City Code on Takeovers and Mergers, by not later than 5:00pm on 9 October 2020, IOG must either announce a firm intention to make an offer for Deltic in accordance with Rule 2.7 of the Code or announce that it does not intend to make an offer for Deltic. This deadline will only be extended with the consent of the Takeover Panel in accordance with Rule 2.6(c) of the Code.
Read the article online at: https://www.oilfieldtechnology.com/offshore-and-subsea/14092020/iog-considering-offer-for-deltic-energy/
