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Gold/Mining/Energy : Gasification Technologies

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To: Dennis Roth who wrote (367)6/12/2008 5:47:54 AM
From: Dennis Roth   of 1740
 
Australia's Linc Energy plans US$98 mln merger with SAPEX
Wednesday, June 11, 2008; Posted: 11:36 PM
tradingmarkets.com

PERTH, Jun 12, 2008 (Asia In Focus via COMTEX) -- SPXDF | Quote | Chart | News | PowerRating -- Australian coal-to-liquids company LINC ENERGY (ASX:LNC) plans to merge with oil and gas explorer SAPEX LTD (ASX:SXP) in a deal that values the target at $A104 million ($US98.48 million). Under a scheme of arrangement, Linc is offering 72 cents per SAPEX share and 50 cents per SAPEX option.

* SAPEX shareholders may choose all cash, all Linc Energy scrip, or half cash plus half scrip.

* The offer has the unanimous support of the boards of both companies.
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