Minority shareholders may oppose NZOG takeover
Some shareholders don't want to sell to 70% owner OG Oil & Gas.
A planned takeover of NZX-listed company NZ Oil & Gas may be blocked by minority shareholders not happy with OG Oil & Gas’ offer of 62c a share.
Singapore's OG Oil & Gas (OGOG), the oil and gas division of Ofer Global, announced in July a scheme of arrangement to buy 30% of NZ Oil & Gas (NZOG)
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