Scandoil  

Eagle Energy Trust enters into agreement for acquisition in Alberta


Published Jul 24, 2015
[an error occurred while processing this directive]

Edit page New page Hide edit links

Eagle Energy Trust-2

Eagle Energy Trust has entered into an agreement with a private company (Privateco) for the acquisition by Eagle of all the issued and outstanding shares of Privateco (the "Transaction").

The Transaction is valued at approximately $30 million, including Privateco's indebtedness, and will be funded out of Eagle's existing credit facility of $110 million ($US 85 million). It will be completed by the amalgamation of Privateco with a newly incorporated Eagle subsidiary and requires Privateco's shareholder approval.

The Transaction is expected to close by the end of August 2015. Directors, officers and a number of other Privateco shareholders, owning an aggregate of more than two-thirds of Privateco's shares, have signed support agreements to vote in favor of the Transaction.

Tags: Eagle Energy Trust




Advertisment:

Comments on this page are closed.

+ Larger Font | + Smaller Font
Top Stories

 

 

 

 


 


RSS

RSS
Newsletter
Newsletter
Mobile News
Mobile news

Computer
Our news on
your website


Facebook
Facebook
Twitter
Twitter

Contact
Contact
Tips
Do you have any
tips to us
Stats

 

sitemap xml