Cooper makes Somerton takeover bid

Cooper basin-focused explorer Cooper Energy has made a scrip takeover bid worth about $31.5 million (US$32.6 million) for Australian minnow Somerton Energy in a deal the target has recommended to its shareholders.

Ready to go: The Somerton board have recommended the bid.
Ready to go: The Somerton board have recommended the bid.
Published 19 April 2012, 04:38Updated 11 October 2016, 07:45
Asia & Oceania