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Shoreline Energy Corp and Lilis Energy Inc terminate merger transaction


Tuesday, 1 Apr 2014 08:09am EDT 

Shoreline Energy Corp:Says the merger transaction with Lilis Energy Inc has been terminated by both parties.Having received an amended offer with a substantial reduction in purchase price with respect to a potential sale of the company's Wattenberg assets, has determined the revised Lilis offer to not be fair, from a financial point of view, to shoreline stakeholders. 

Company Quote

0.7
0.08 +12.90%
11:27am EDT