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.
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
Want to read more? It's easy.
Choose your best value subscription option
Individual
Group membership
NBR Marketplace
Yearly Premium Online Subscription
NZ$499.00 / yearly
Smartphone Only Annual Subscription
NZ$299.00 / yearly
Monthly Premium Online Subscription
NZ$49.95 / monthly
Smartphone Only Subscription
NZ$29.95 / monthly
Premium Group Membership 10 Users
NZ$385+GST / monthly
$38.5 per user - Pay by monthly credit card debitPremium Group Membership 20 Users
NZ$660+GST / monthly
$33 per user - Pay by monthly credit card debitPremium Group Membership 50 Users
NZ$1375+GST / monthly
$27.5 per user - Pay by monthly credit card debitPremium Group Membership 100 Users
NZ$2100+GST / monthly
$21 per user - Pay by monthly credit card debitYearly Premium Online Subscription + NBR Marketplace
NZ$499.00 / yearly
Already have an account? Login
Tim Hunter
Tue, 26 May 2015
Tue, 26 May 2015
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
NZOG sells Pan Pacific stake despite 'unfair' offer
48032