Sun Century Proposes Higher Bid To Acquire Masters

摘要

Sun Century Petroleum Corporation says it has offered to increase its takeover bid for Masters Energy Inc. to $1.95 cash per common share, up from $1.85 per share, subject to satisfactory completion by Sun Century of an accelerated due diligence review of Masters. Sun Century, in consultation with its financial advisor, Peters & Co. Limited, said its proposed offer is superior to the consideration under the proposed plan of arrangement involving Masters and Zargon Energy Trust.