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PNWLivin wrote: Pampa Energa acquired a 10.17% stake in GeoParkin May 2025, a move which suggested interest in a potential takeover, but it has not made a formal offer to buy the entire company. GeoPark, in response to Pampa Energa's accumulation of shares, adopted a "poison pill" shareholder rights plan designed to deter unsolicited or hostile takeover attempts. This plan would activate if any entity acquired 12% or more of GeoPark's shares without board approval, allowing existing shareholders to purchase additional shares at a discount and thus diluting the triggering party's stake. While Pampa Energa has not announced a full acquisition bid, both companies have engaged in "constructive, productive and respectful conversations" about potential collaboration opportunities, particularly concerning assets in Argentina's Vaca Muerta region. GeoPark's CEO, Felipe Bayn, indicated that the company is open to potential partnerships with Pampa Energa. A different company, Parex Resources, did submit a formal, unsolicited proposal to acquire all of GeoPark for $9.00 per share in an all-cash offer in September 2025, which GeoPark's board unanimously rejected as significantly undervaluing the company.
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