KS Energy: Will see positive interests after Co. announced that Pacific One Energy intends to make a mandatory conditional cash offer for all the issued shares of KS Energy at $1.07/Share. Offer represents a premium of approximately 10.9% to the last transacted price of $0.965/Share on 16 Jun11…..
Offeror intend for Co to continue with existing activities and has no intention to introduce major changes to business of Co or operations of any of its subsidiaries. Offer will only be accepted if Offeror and parties acting or deemed to be acting in concert with the Offeror secures more than 50% of the voting rights attributable.
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