ROC-Horizon merger survives dissenting shareholders

摘要

Sydney—Dissenting shareholders failed to amend Australian Roc Oil Company’s constitution in a bid to stop the company’s planned A$800 million ($751 million) “merger of equals” with Horizon Oil. The amendment was put to the vote at an extraordinary general meeting in Sydney Friday, by funds management company Allan Gray and Hostplus Superannuation. Allan Gray is ROC’s biggest shareholder with a stake of 20%.