AI assistant

Sign in to chat with this filing

The assistant answers questions, extracts KPIs, and summarises risk factors directly from the filing text.

Sign up Log in

TALIUS GROUP LIMITED M&A Activity 2009

Apr 16, 2009

65893_rns_2009-04-16_6299ea55-bee7-417c-8e58-8baaed9ffa9f.pdf

M&A Activity

Open in viewer

Opens in your device viewer

ASX ANNOUNCEMENT

17 April 2009

Company Announcements Platform Australian Securities Exchange Limited Exchange Centre 20 Bridge Street SYDNEY NSW 2000

Blaze Asset Pty Ltd Takeover Bid for Target Energy Bidder Statement Received

Target Energy has received an unsolicited off-market takeover bid from Blaze Asset Pty Ltd
Target Energy advises its shareholders to TAKE NO ACTION, ignore all communications from Blaze and await Target Energy’s further advice

The Board of Target Energy Limited (“ Target” ) (ASX: TEX) has now received a Bidder’s Statement associated with an unsolicited off-market takeover offer from Blaze Asset Pty Ltd (“ Blaze” ), a company jointly owned by Advance Energy Limited (“ Advance” ) (ASX:AVD) and Odin Energy Ltd (“ Odin” ) (ASX:ODN).

The Target Board is now reviewing the Bidders Statement from Blaze. Until the Board has completed its assessment and released its response, Target shareholders are advised to TAKE NO ACTION and ignore all communications from Blaze.

Target has appointed New Holland Capital to advise in respect of the Offer and to assist the Board in its evaluation and response to the Offer from Blaze. The Board will keep shareholders fully informed of any further developments and will provide further updates and responses as required.

ENDS

For further information please contact: