Australia’s Somerton Energy, Adelaide Energy in Talks on Potential Merger
By Victoria Batchelor -
2011-08-15T03:36:13Z
Somerton Energy Ltd. (SNE) said it and Adelaide Energy Ltd. (ADE) started preliminary talks in relation to a potential merger of the two companies. The talks are incomplete and no concluded agreement has been reached in relation to the price or terms at which a transaction might occur, Somerton said in a regulatory filing.
To contact the editor responsible for this story: Victoria Batchelor at vbatchelor@bloomberg.net
More News:
Sponsored Link
Rate this Page
Bloomberg moderates all comments. Comments that are abusive or off-topic will not be posted to the site. Excessively long comments may be moderated as well. Bloomberg cannot facilitate requests to remove comments or explain individual moderation decisions.