Deltic unequivocally rejects Reabold

Deltic unequivocally rejects Reabold

On 15 July 2020, Reabold Resources plc (Reabold) announced a possible all-share offer, for the entire issued and to be issued share capital of Deltic Energy plc (Deltic). The possible offer values Deltic at £12.34 million, a premium of 9.7% to Deltic’s middle market share price as of 14 July. Reabold also confirmed within the announcement that Deltic’s board had ‘unequivocally rejected’ the offer, and that they are only minded to proceed with t

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Market Tracker is a unique service for corporate lawyers housed within Lexis®PSL Corporate. It features a powerful transaction data analysis tool for accessing, analysing and comparing the specific features of corporate transactions, with a comprehensive and searchable library of deal documentation across 14 different deal types. The Market Tracker product also includes news and analysis of key corporate deals and activity and in-depth analysis of recent trends in corporate transactions.