In today’s briefing:
- Golden Eagle Energy: Share Sale Done. MTO Price Bumped
- Morning Views Asia: Medco Energi, Sands China
Golden Eagle Energy: Share Sale Done. MTO Price Bumped
- This transaction just keeps on giving. First, you received an additional dividend. Now the Offer price has been increased.
- On the 26 July, Geo Energy Resources (GERL SP) announced an intention to acquire a 58.65% stake in coal miner Golden Eagle Energy (SMMT IJ) (GEE).
- Geo shareholders approved the purchase on the October 13 and the acquisition was completed on the 18 October. This triggered an MTO, which has been revised upward to IDR 1,305.50.
Morning Views Asia: Medco Energi, Sands China
Lucror Analytics Morning Views comprise our fundamental credit analysis, opinions and trade recommendations on high yield issuers in the region, based on key company-specific developments in the past 24 hours. Our Morning Views include a section with a brief market commentary, key market indicators and a macroeconomic and corporate event calendar.
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