MinRes takes stake in Hancock takeover target

摘要

Warrego is currently subject to separate takeover offers from Strike Energy and Gina Rinehart's Hancock Prospecting, the latter of which it is backing. According to a substantial holder notice lodged on Friday, MinRes paid A$69.7 million for 200 million shares in Warrego, giving it a 16.35 stake. Hancock holds 25.9 of Warrego and is offering 28c per share, which it will increase to 36c per share if it achieves a 40 stake.