Australia's Horizon Oil shares down 8 pct after merger proposal
SYDNEY, April 29
SYDNEY, April 29 (Reuters) - Shares in Australia's Horizon Oil Ltd fell 8 percent on Tuesday after the firm said it has agreed to merge with peer Roc Oil Company Ltd to form a single, Asia-focused energy company worth A$800 million ($740 million).
Horizon shares last traded at A$0.34 as of 0004 GMT, down 8.1 percent, while Roc shares rose 3.7 percent to A$0.47. (Reporting by Maggie Lu Yueyang; Editing by Paul Tait)
- U.S. nurse defies Maine's Ebola quarantine, takes bike ride |
- Clashes erupt as Israeli police kill Palestinian suspected of shooting Jewish far-rightist
- Apple's Cook: 'I'm proud to be gay'
- SoftBank's humanoid robot lands job as Nescafe salesman
- Ukraine, Russia, EU likely to agree gas supply deal on Thursday: officials