ENN Energy Gets $11.6 Billion Buyout Offer From Major Holder [Yahoo! Finance Canada]
EEN ENERGY HLDGS UNSP/ADR (XNGSY)
NASDAQ:AMEX Investor Relations:
ir.ennenergy.com
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Source: Yahoo! Finance Canada
Most Read from Bloomberg Shanghai-listed ENN Natural Gas Co. is offering HK$24.50 in cash and about 2.94 H shares of ENN Natural Gas for each ENN Energy share that it doesn't already own, according to a stock exchange filing Wednesday. The bid values ENN Energy at about HK$80 per share, representing a nearly 35% premium to its last closing price on March 18. Shares of ENN Energy, suspended last week, resumed trading on Thursday and rose as much as 17% to touch HK$69.75 per share. The deal is part of ENN Natural Gas' reorganization ahead of its own proposed listing in Hong Kong. ENN Natural Gas currently owns around 34% of ENN Energy through its unit, Xinneng (Hong Kong) Energy Investment. ENN Natural Gas, one o
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