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Stock Market & Financial Investment News

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April 14, 2014
07:54 EDTTGATransGlobe Energy announces termination of Arrangement Agreement with Caracal
TransGlobe Energy announces the termination of the Arrangement Agreement between TransGlobe and Caracal Energy, dated March 15. Caracal advised TransGlobe that it had received an unsolicited cash offer to acquire all of the outstanding shares of Caracal from Glencore Xstrata plc. Caracal further advised TransGlobe that the unsolicited offer constituted a "Superior Proposal" under the terms of the Arrangement Agreement. Accordingly, Caracal has terminated the Arrangement Agreement and has paid TransGlobe the reverse termination fee of $9.25M in accordance with the terms of the agreement.
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September 15, 2014
07:36 EDTTGAFirstEnergy to hold a conference
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