Strike Energy Limited (ASX: STX), is set to accelerate its growth in the Perth Basin sector by acquiring Talon Energy. The agreement involves Strike obtaining all outstanding shares of Talon through a Scheme of Arrangement, with Talon shareholders receiving 0.4828 new Strike shares per Talon share. The deal includes the potential demerger of Talon's Mongolian asset to enhance shareholder value. The acquisition, endorsed by Talon's Board of Directors, offers an implied offer price of AU$0.2122 for Talon's Perth Basin business, a premium of approximately 21% to Talon's recent share price.
Following the transaction, Strike shareholders will hold about 89% of issued Strike shares, while Talon shareholders will own approximately 11%. Strike will provide Talon with interim funding of AU$6 million, facilitating the scheme process. This strategic move is expected to yield significant operational synergies, potentially generating over AU$82 million in annualized revenue from the Walyering gas field alone.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
