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Cue Energy Challenges Horizon Oil Takeover Bid Over Market Fairness
10:12am on Tuesday 31st of March, 2026 AEDT
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Energy
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Cue Energy Challenges Horizon Oil Takeover Bid Over Market Fairness
10:12am on Tuesday 31st of March, 2026 AEDT
Key Points
Cue alleges undisclosed association between Horizon Oil and major shareholder Echelon Resources
Horizon’s pre-bid agreement with Echelon seen as chilling competitive auction for Cue control
Cue’s Independent Board Committee formed to assess Horizon’s takeover offer
Cue seeks interim and final orders to restrain Echelon and Horizon from proceeding with bid acceptance
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CUE ENERGY RESOURCES (ASX:CUE)
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