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.

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