GREY:SDRYF - Post by User
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Money_514on Sep 20, 2018 9:59am
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Post# 28654575
info from http://www.proactiveinvestors.co.uk/
info from http://www.proactiveinvestors.co.uk/ (LON:SDX) shares were suspended as a major company evolution was flagged, with the company acknowledging ‘recent press speculation’ that the AIM-quoted oiler is in talks to potentially acquire a “significant package of assets in Egypt”.
If agreed, such a deal would be considered a reverse takeover – which, given SDX’s market cap, would by deduction mean the transaction would be worth at least more than around £115mln.