Baytex's Aurora takeover 'fair': export

Independent expert review finds proposed takeover is in shareholders' interests.

Baytex Energy's proposed takeover of Aurora Oil and Gas is in the best interests of the target's shareholders, an independent expert review by Grant Samuel & Associates has concluded.

The target backed a takeover bid from Canadian oil and gas company Baytex in February, with a price of $4.10 cash per share, which values Aurora's equity at $1.84 billion.

The independent expert valued Aurora at between $3.76 and $4.29 per share.


SMS Code Sent…

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Looks you are already a member. Please enter your password to proceed

Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

Related Articles