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Votes add up to rejection of NZ Oil & Gas takeover

Minority shareholders block board-backed deal.

Tim Hunter Mon, 11 Nov 2019

Minority shareholders appear to have rejected a takeover deal for NZ Oil & Gas, with votes cast so far indicating it will not achieve the 75% threshold for approval.

The NZX-listed company’s independent directors recommended shareholders approve a 74c a share offer from its 70% owner OG Oil &

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Votes add up to rejection of NZ Oil & Gas takeover
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