Fosun’s offer of A$0.69 (US$0.64) per Roc share values the Australian company at A$474 million.
Roc’s board has recommended that its shareholders accept the offer, which is a 25% premium to the three-month volume weighted average price of Roc shares.
As a result of the takeover offer, Roc is required to terminate its merger implementation agreement between itself and compatriot Horizon Oil.
Roc
