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Cue Energy Board Unanimously Recommends Shareholders Reject Horizon Oil Takeover Offer
1:26pm on Tuesday 7th of April, 2026 AEST
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Energy
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Cue Energy Board Unanimously Recommends Shareholders Reject Horizon Oil Takeover Offer
1:26pm on Tuesday 7th of April, 2026 AEST
Key Points
Independent Board Committee unanimously recommends rejecting Horizon’s offer
Offer considered opportunistic and undervalues Cue relative to Horizon
Shareholders face dilution and exposure to Horizon’s debt if offer accepted
Offer highly conditional with uncertain completion and tax implications
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