Oz junior rejects takeover

摘要

AUSTRALIA junior Warrego Energy has rejected a takeover offer from Strike Energy, its joint venture partner in the West Erregulla discovery in Australia's onshore Perth basin. Warrego confirmed early this week it had received an unsolicited, conditional, non-binding and indicative proposal from Strike to acquire the company for an all-scrip consideration of 1.2 Strike shares for each Warrego share.