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Horizon Oil Raises Stakes with 14% Premium Bid for Cue Energy
9:08am on Thursday 19th of March, 2026 AEDT
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Energy
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Horizon Oil Raises Stakes with 14% Premium Bid for Cue Energy
9:08am on Thursday 19th of March, 2026 AEDT
Key Points
Offer includes A$0.008 cash plus 0.5625 Horizon shares per Cue share
Represents 10-14% premium over recent Cue share prices
Horizon holds 19.99% relevant interest in Cue via pre-bid agreement
Offer conditional on 50.1% minimum acceptance and regulatory approvals
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