Royale to merge with Matrix

A pair of California minnows - Royale Energy and Matrix Oil - will merge in a $41.5 million deal in the US that the companies hope will position the combined entity to re-list on the Nasdaq exchange.

California love: Royale and Matrix announce merger plans
California love: Royale and Matrix announce merger plans
Published 25 July 2016, 17:51Updated 26 July 2016, 08:27