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Insignia Energy receives offer to go private

Stockhouse Editorial
0 Comments| May 6, 2013

Insignia Energy (TSX: T.ISN, Stock Forum) Monday announced that it has a proposal from Brookfield Capital Partners to take Insignia private, this according to a company news release.

All remaining shareholders of Insignia would receive $1.35 in cash for each of their common shares.

Brookfield and its affiliates currently own approximately 38.8 million common shares, representing about 67% of the currently issued and outstanding Insignia common stock.   

Tags: OIL & GAS E&P

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