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A&D - 88 Energy to buy fellow Alaska explorer XCD for $5MM - May 2020

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88 Energy is set to acquire fellow Australia-listed Alaska explorer XCD Energy after that company’s board recommended its stakeholders approve the unsolicited takeover offer. Revised terms of the bid, which was first proposed April 27, call for 88 Energy to offer 2.4 of its new shares for each XCD share, and 0.7 new shares for each XCD listed option held. The value of the bid is A$7.7 million ($4.92 million) after backing out an......
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