Analyst Research

Report Title Price
Provider: Wright Reports
$75.00
Provider: Reuters Investment Profile
$20.00
Provider: GlobalData
$250.00
Provider: GlobalData
$250.00

NYSE and AMEX quotes delayed by at least 20 minutes. NASDAQ delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

Shelton Petroleum AB extends acceptance period for public offer to shareholders of Petrogrand AB


Thursday, 3 Apr 2014 03:22am EDT 

Shelton Petroleum AB:Says it announced on Jan. 22 an offer to shareholders of Petrogrand AB to acquire all outstanding shares in Petrogrand.On Feb. 26 Shelton announced extension of acceptance period up to and including March 12.On March 14 Shelton announced completion of offer, increase of consideration offered from 0.34 to 0.44 Shelton B shares for each Petrogrand share and extension of acceptance period up to and including March 28.Offer has been accepted in extended acceptance period by owners holding in total 1,397,974 shares in Petrogrand, corresponding to about 3.4 pct of shares and votes in Petrogrand.Shelton has decided to extend acceptance period up to and including April 11.Final settlement is expected to take place on April 22.Board of Directors of Shelton has resolved on new issue of a maximum of 4,444,000 B shares with payment in kind consisting of shares in Petrogrand.Right to subscribe for shares shall exclusively be held by such shareholders in Petrogrand who have accepted the Offer.At full subscription, company‚Äôs share capital may be increased by a maximum of 22,220,000 Swedish crowns.Subscription shall take place from April 2 up to and including April 22. 

Company Quote

18.5
-0.3 -1.60%
11:29am EDT