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Africa Oil To Acquire 100% Interest In Lion Energy: Africa Oil Will Consolidate Its Presence In East Africa
GlobalData, March 2011, Pages: 10
Africa Oil To Acquire 100% Interest In Lion Energy: Africa Oil Will Consolidate Its Presence In East Africa – Deal Analysis From GlobalData
Summary
Africa Oil Corporation (Africa Oil) entered into a letter of intent to acquire all of the issued and outstanding common shares of Lion Energy Corp. (Lion Energy) for a purchase consideration of approximately CAD40.3m ($41.14m). Upon satisfactory completion of due diligence, it is anticipated that the definitive arrangement agreement will be entered into by March 25, 2011. The definitive agreement will provide for conditions precedent that are standard for a transaction, including receipt of all regulatory, partner and third party approvals, TSX Venture Exchange approval and approval by Lion Energy's shareholders. Haywood Securities Inc. is acting as the financial advisor to Lion Energy for the transaction.
Scope
- Rationale behind Africa Oil acquiring Lion Energy,
- Strategic Benefits for the companies involved,
- Geography covered -Canada, Africa
Reasons to buy
- Develop a sound understanding of the major M&A's, Partnerships, And Joint Ventures taking place in Africa's Oil & Gas industry
- Identify the most lucrative segments to leverage on the growth oppurtunities available in the East Africa's oil & gas market
- Get a detailed analysis of a deal to enable you to take better decisions
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