Trinity Exploration & Production (GB:TRIN) has released an update.
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Trinity Exploration & Production has announced that, pending court approval scheduled for September 25, 2024, the previously planned Touchstone Offer will be withdrawn, allowing the planned cash acquisition by Lease Operators Limited to proceed unimpeded. Shareholders and Directors previously bound by commitments to the Touchstone Offer will be free to vote on the new acquisition terms. A further update is expected following the court’s decision on the withdrawal.
For further insights into GB:TRIN stock, check out TipRanks’ Stock Analysis page.
