Trinity Exploration to be Acquired by Lease Operators

Trinity Exploration & Production (GB:TRIN) has released an update.

Trinity Exploration & Production is set to be acquired by Lease Operators Limited in a recommended cash acquisition at 68.05 pence per share, with the process expected to be finalized by early November 2024. The acquisition will be implemented through a court-sanctioned scheme of arrangement, subject to necessary approvals from Trinity’s shareholders and regulatory bodies. Investors should stay alert for any changes in the acquisition timeline, as updates will be provided through official announcements.

For further insights into GB:TRIN stock, check out TipRanks’ Stock Analysis page.