Trinity Exploration & Production (GB:TRIN) has released an update.
Trinity Exploration & Production has received a non-binding, preliminary takeover offer from Lease Operators Limited, offering a significant premium over the recent share price and the terms of an earlier all-share acquisition by Touchstone Exploration Inc. The offer values Trinity at approximately £26.5 million, prompting the company to reschedule an imminent court hearing regarding the Touchstone deal to evaluate Lease Operators’ proposal. Shareholders are advised to hold off on taking any action as Trinity’s board contemplates the potential offer and further developments are expected.
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