NZOG sells Pan Pacific stake despite 'unfair' offer
Takeover offer from Zeta, controlled by NZOG director Duncan Saville, snares NZOG holding.
Tim Hunter talks about NZOG on NBR Radio and on demand via MyNBR Radio.
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Budget 25
New Zealand Oil & Gas [NZX: NZO] has sold its 15% stake in Pan Pacific Petroleum [NZSX: PPP] into a takeover offer from one of its own directors at 5c a share, despite the offer being tagged as unfair in an independent report.
The block of about 88 million shares was transferred on market on
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Tim Hunter
Tue, 26 May 2015
Tue, 26 May 2015
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NZOG sells Pan Pacific stake despite 'unfair' offer
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