• Mar. 17, 2014, 8:42 AM
    • TransGlobe Energy (TGA) and Caracal Energy (CCAXF) agree to merge through an exchange of shares, creating a $1.8B venture focused on oil production in Africa with improved finances and bigger growth potential.
    • Caracal shareholders are expected to hold ~65.6% of the new company, with the reaminder held by former TGA shareholders.
    • TGA +4.5% premarket.
    Mar. 17, 2014, 8:42 AM | 2 Comments