Empyrean Energy notes increased offer for partner - Empyrean - TopicsExpress

Empyrean Energy notes increased offer for partner - Empyrean Energys (LON:EME) partner in the Sugarloaf shale asset in Texas has received a higher offer from its potential acquirer. Canadian group Baytex has increased its offer for Aurora Oil & Gas to A$4.20 per share (US$1.9bn) from A$4.10 under a Scheme of Arrangement. The increase in the offer is designed to persuade two of Auroras largest shareholders to accept the offer. As well as Eagle Ford, Baytex has bough... ow.ly/2GF8Xd

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