Two of the major independent players in the UK sector of the North Sea are to combine with EnQuest set to buy out debt-ridden Stratic Energy. EnQuest is offering an all share transaction to acquire Stratic based on one EnQuest share for every 0.896 Stratic share, with a 70% premium to Stratic’s share price, valuing the acquisition transaction at Can. $135 million (US $131 m).
Green Marine
about 16 years ago
EnQuest to buy out Stratic
Two of the major independent players in the UK sector of the North Sea are to combine with EnQuest set to buy out debt-ridden Stratic Energy. EnQuest is offering an all share transaction to acquire Stratic based on one EnQuest share for every 0.896 Stratic share, with a 70% premium to Stratic’s shar
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