| PKN says lauches takeover bids for Canada's Kicking Horse, U.S. FX Energy | |
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WARSAW, Oct 13 (Reuters) - Poland top refiner, the state-controlled PKN Orlen, said on Tuesday it has launched takeover bids for Canada's Kicking Horse Energy and U.S. firm FX Energy, worth a total of over $300 million. PKN said it will offer Kicking Horse's shareholders 4.75 Canadian dollars for each share in an all-cash deal, valuing the firm's equity at 293 million Canadian dollars ($224.9 million), and putting the enterprise value at 356 million CAD. The Polish refiner said it will also offer shareholders of U.S. firm FX Energy $1.15 in cash for each common share and $25 for each preffered share, valuing the firm's equity at $83 million. PKN said it it will annouce a tender offer for FX Energy by Oct. 23. ($1 = 1.3029 Canadian dollars) (Reporting by Marcin Goettig; Editing by Wiktor Szary)
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FX Energy
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DEVELOPMENT STAGE |
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CODE : FXEN |
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ISIN : US3026951018 |
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FX Energy is a and oil exploration company based in United states of america. FX Energy develops natural gas in Poland, and holds various exploration projects in Poland. Its main asset in development is ROTLIEGEND in Poland and its main exploration property is FENCES II in Poland. FX Energy is listed in United States of America. Its market capitalisation is US$ 63.1 millions as of today (€ 58.1 millions). Its stock quote reached its highest recent level on June 15, 2007 at US$ 9.99, and its lowest recent point on July 24, 2015 at US$ 0.70. FX Energy has 54 870 000 shares outstanding. |