Armour Energy recommends shareholders reject takeover offer from China's Landbridge Group

Otmane El Rhazi from Energy-pedia regional news: Central & SE Asia / Australasia.

The Directors of Armour Energy have provided an update on their consideration of the unsolicited, hostile and conditional takeover bid lodged by Westside Corporation (a subsidiary of China's Landbridge Group) of 12 cents per Armour share.