GULFNAV Submits Proposal to Acquire All of the Businesses and Assets of Brooge Energy Limited; Terms Not Disclosed
Portfolio Pulse from Benzinga Newsdesk
GULFNAV has submitted a proposal to acquire all businesses and assets of Brooge Energy Limited. The terms of the deal have not been disclosed.
October 03, 2023 | 8:27 pm
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Brooge Energy Limited is the subject of an acquisition proposal by GULFNAV. The terms of the deal have not been disclosed.
Acquisition proposals often lead to an increase in the stock price of the company being acquired, as it is usually bought at a premium. However, the impact will depend on the terms of the deal, which have not been disclosed.
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