Irish energy firm Falcon has launched a bid to buy the remaining stock in its Australian subsidiary.
Last week the company completed the buyout of Sweetpea’s 24.2% share in the firm, and is now looking to acquire the remaining 3.1% of stock.
Falcon is offering 2.25 shares in the parent firm for every ordinary share in the subsidiary, at the same value as the Sweetpea deal.
Falcon Oil and Gas Australia has four exploration permits in the Beetaloo Basin of the country’s Northern Territory.
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